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Analyst Jerry Klassen reviews the US feeder cattle picture for Q2 2026, noting cattle on feed 180+ days were up 593,000 head year over year as of April 1. Feedlots held back fed cattle on bullish expectations, and lower feeder supplies cut placements year over year.
Lower feeder supply and holding back of fed cattle support higher cattle prices and reduce feeder demand for feed rations.
canadiancattlemen.caJerry KlassenJun 2, 2026After 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.
