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CME live cattle futures hit lifetime highs on Monday for a fourth straight session after USDA's Cattle on Feed report showed December feedlot placements down 3% from a year earlier, against analyst expectations of no change. Feeder cattle also set lifetime highs before settling lower, and lean hogs firmed on stronger wholesale pork prices.
Fewer cattle entering feedlots points to tighter fed supplies ahead, which supports cattle futures and cash prices. Feeder cattle prices are also firm because of tight supply.
thebeefsite.comMelanie EppJan 28, 2025After 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 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% 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.
