As new beef packers continue to build, cattle herd continues to shrink

After 17 past bullish policy events, Live Cattle moved a median -0.0% over 5 sessions (47% higher; middle half -1.2% to +0.9%), and +1.0% over 20.

• Jun 3, 2022Pete's Comments: Markets are moving | Western Livestock Journal+0.9%
• Oct 27, 2017Futures File: Tighter supplies lead to higher gas prices; cattle futures hit new highs – Greeley Tribune+7.2%
• Apr 18, 2022NCBA renews call for suspension of Brazilian beef imports - Progressive Cattle | Ag Proud+1.4%
• Nov 29, 2022Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal+0.3%
• Sep 3, 2026When Trump policies stir up beef with ranchers, Brooke Rollins is left doing damage control | CNN Politics+1.3%

After 10 past bullish policy events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.9% to +2.2%), and +0.3% over 20.

• Jun 3, 2022Pete's Comments: Markets are moving | Western Livestock Journal+1.8%
• Apr 18, 2022NCBA renews call for suspension of Brazilian beef imports - Progressive Cattle | Ag Proud-0.2%
• Sep 3, 2026When Trump policies stir up beef with ranchers, Brooke Rollins is left doing damage control | CNN Politics+4.3%
• Jan 19, 2025More Action Needed By Mexico Before Reopening Border for Feeder Cattle Imports, Says Vilsack - Drovers+2.3%
• Sep 1, 2024Feeder cattle market: EU premium kicks in as deforestation deadline nears-1.1%