Loading…
Oklahoma State economist Derrell Peel said the May Cattle on Feed report showed April placements at 97.4% and marketings at 97.5% of last year. The on-feed total on May 1 was 1.5% below a year earlier, in line with pre-report estimates.
A steady year-over-year decline in on-feed numbers tightens fed cattle supply and supports live cattle prices. Because the report matched expectations, the market reaction is likely limited.
southwestledger.newsMay 28, 2025After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
