USDA reported mixed negotiated cash cattle trade, with 5-area live steer averages at $224.05 and dressed steer averages at $352.08. Nebraska live purchases fell $4.00 to $4.50 and Western Cornbelt dressed purchases dropped up to $15.00.
Lower Nebraska and Western Cornbelt cash prices signal softer near-term fed cattle pricing, which may weigh on feeder cattle values.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.