
Beef Web's weekly cattle review for the week ending November 1 reports cash cattle up $0.25 per cwt to an average of $189.79, feedlot margins down to $129.04 per head and Choice cutout up to $316.14. Packing plant utilization was 84.8%, with feeder steer placements at $255.78 per cwt.
Steady cash cattle and firm cutout values support feeder and live cattle prices, while lower feedlot margins limit further placement demand.
After 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.