
Analysts following USDA's Cattle on Feed and Cattle Inventory reports released Friday said the herd is not expanding and feedlot placements keep declining. The inventory showed the smallest US herd on record, and an analyst expects prices to keep rising but at a slower pace.
A record-small herd and falling placements keep cattle supplies tight, supporting high cattle prices and reducing demand for feed grains in feedlots over time.
After 227 past bullish report events, FCATTLE 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, LCATTLE 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.