
The June USDA Cattle on Feed report showed the June 1 on-feed inventory at 11.44 million head, in line with estimates, with April placements at 92.2% of 2024 and marketings at 89.9%. The over-150-day inventory was 109% of last year, the largest May figure in the series history.
Lower placements and marketings tighten near-term fed cattle supply, but the heavy front-end inventory limits how much this shortfall can lift prices.
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.
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.
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.