
Cattle on Feed showed September feedlot placements at a record low and marketings at historically slow levels. Cattle futures rallied after the report, which was viewed as bullish.
Record-low placements reduce future fed cattle supply, supporting cattle prices and tightening demand for feed rations in the coming months.
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.