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The USDA Cattle on Feed report released October 23 showed 11.3 million head on feed as of October 1, down 0.4% year over year. Marketings fell 8% and October placements dropped a record 12%, below pre-report estimates.
Record-low placements and tighter feedlot inventories point to shrinking feeder supplies, which supports higher feeder and fed cattle prices.
blogs.ifas.ufl.eduOct 28, 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.
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.
