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USDA's cattle on feed and cattle inventory reports showed the US herd still shrinking, with July feedlot placements down 8% from last year against expectations of a smaller drop. Live and feeder cattle futures had already climbed to record highs before the reports.
Placements falling more than expected signal tighter feeder supplies and continued strong cattle prices, reducing feedlot demand for grain and meal.
agweek.comJenny SchlechtJul 25, 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.
