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USDA's February cattle-on-feed report showed 11.5 million head on feed, down 2 percent year over year, with January placements 5 percent below a year ago. Mexican feeder shipments have dropped sharply as the border remains closed to screwworm risk.
Lower placements point to tighter feeder supply through the coming months, supporting feeder cattle prices.
rfdtv.comTony St. James, Frank McCaffrey, Marion KirkpatrickFeb 23, 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.
