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USDA's Cattle on Feed report showed 11.7 million head on feed on Nov. 2, down 2% year over year, and placements down 10%.
Halted Mexican imports and packing plant closures are cited as factors in the tight feeder supply.
Smaller feedlot inventories and lower placements point to tight fed and feeder supplies, which supports higher cattle prices into 2026.
fb.orgBernt NelsonDec 4, 2025After 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.
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.
