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USDA NASS reported US cattle and calves on feed for slaughter totaled 11.6 million head on October 1, 2024, slightly below a year earlier. September placements were 2% below 2023 at 2.16 million head, and marketings were 2% above at 1.70 million head.
Fewer placements than marketings point to shrinking feedlot supplies, which supports fed cattle prices, though the data came in above some analyst estimates.
dtnpf.comDTN StaffOct 28, 2024After 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.
