USDA weekly data for the week ending October 24 show federally inspected cattle slaughter at 546,000 head, down 7,000 from the prior week. Choice boxed beef cutout was 330.45 and Select was 358.55.
Lower slaughter with a firm cutout signals tight beef supply, supporting cattle prices and modestly affecting byproduct feed demand.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.