
Cattle futures rallied after the October WASDE raised the US corn yield, pushing nearby December corn down nearly $0.30 at one point. October live cattle settled up $6.125 on the week and October feeder cattle settled up $9.225.
Cash trade firmed slightly in the North and South.
Cheaper corn lowers feed costs for cattle feeders and supports cattle prices, while the lower grain price is bearish for corn sold into feed markets.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
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.
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.