
CME cattle futures rose after USDA reported the US cattle herd at a record-low 94.2 million head as of July 1, with feedlot numbers 2% below year-ago. Trump said the US would sell 'so much' beef to Australia, which economists questioned.
A record-low herd and ongoing Mexican cattle import ban and Brazilian beef tariffs tighten US supply, supporting cattle prices and boosting demand for imported beef.
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 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 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.