
August feeder cattle futures rose for four straight weeks to $369.85/cwt, while August live cattle closed slightly lower the latest week. An analyst said cash feeder prices rose sharply in the latest week, and USDA's June 18 Cattle on Feed report was bullish versus estimates due to lighter-than-expected May placements.
Lighter placements and firm cash prices tighten feeder supply, supporting higher feeder cattle and feed grain demand in the feedlot sector.
After 268 past bullish report events, LCATTLE moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 227 past bullish report events, FCATTLE 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.