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The USDA January 1 Cattle Inventory report showed 86.7 million head, down 0.6% year on year, with the lowest total since 1951 and fewer beef cows than any time since 1961. Calf crop was just below last year and cattle on feed were about 1% lower.
Tight herd numbers and a shrinking calf crop support record cattle prices, particularly for feeder calves.
farmdocdaily.illinois.eduHongxia JiaoFeb 3, 2025After 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.
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.
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.
