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USDA's January Cattle on Feed report showed on-feed inventory at 11.5 million head on January 1, down 3% year over year and above trade expectations. December placements were 1.55 million head and marketings were 1.77 million head, both above trade estimates.
Tight feeder supplies and a shrinking on-feed inventory support cattle prices and reduce demand for feed grains from feedlots over the coming months.
rfdtv.comTony St. James, RFD-TV NEWS STAFFJan 23, 2026After 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.
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 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.
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.
