
USDA's May cattle-on-feed report showed feedlot inventory on May 1 at 11.4 million head, 2% below last year, with April placements down 3% and marketings down 3%. Beef cold storage stocks were also below year-ago and five-year-average levels.
Lower placements and marketings point to tighter feedlot supplies and support cattle prices, while reduced feedlot throughput lowers near-term grain and meal demand from feedlots.
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.