# US cattle futures finish higher, USDA data seen as neutral - CME
						 | The Cattle Site

> CME live and feeder cattle futures finished higher on September 20 ahead of the USDA Cattle on Feed report, with October live cattle reaching highs not seen since August. The USDA report showed cattle on feed slightly above a year earlier and placements in line with expectations.

- Date: 2024-09-23 · published 2024-09-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28447-us-cattle-futures-finish-higher-usda-data-seen-as-neutral-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cattle inventories near multi-decade lows keep futures firm, while more cattle on feed due to cheap corn limits upside.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-04-23 | [Live cattle futures jump on supportive USDA feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site.md) | +0.8% | +0.9% |
| LCATTLE | 2020-06-18 | [CME update: cattle futures mixed as traders await USDA report
						 \| The Beef Site](https://feedsoft.ai/events/52752-cme-update-cattle-futures-mixed-as-traders-await-usda-report-the-beef-site.md) | -3.4% | -0.8% |
| LCATTLE | 2025-07-28 | [US cattle futures rise on record-low herd, tight supply - CME
						 \| The Beef Site](https://feedsoft.ai/events/23895-us-cattle-futures-rise-on-record-low-herd-tight-supply-cme-the-beef-site.md) | +1.1% | +3.8% |
| LCATTLE | 2021-01-22 | [CME update: live cattle futures surge ahead of USDA Cattle on Feed report
						 \| The Beef Site](https://feedsoft.ai/events/49286-cme-update-live-cattle-futures-surge-ahead-of-usda-cattle-on-feed-report-the.md) | +0.7% | +2.4% |
| LCATTLE | 2018-11-21 | [U.S. livestock: Cattle futures rally after bullish USDA data - Grainews](https://feedsoft.ai/events/62167-u-s-livestock-cattle-futures-rally-after-bullish-usda-data-grainews.md) | +1.5% | +4.2% |
| FCATTLE | 2024-04-23 | [Live cattle futures jump on supportive USDA feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site.md) | +2.1% | +1.6% |
| FCATTLE | 2020-06-18 | [CME update: cattle futures mixed as traders await USDA report
						 \| The Beef Site](https://feedsoft.ai/events/52752-cme-update-cattle-futures-mixed-as-traders-await-usda-report-the-beef-site.md) | -0.5% | +6.8% |
| FCATTLE | 2025-07-28 | [US cattle futures rise on record-low herd, tight supply - CME
						 \| The Beef Site](https://feedsoft.ai/events/23895-us-cattle-futures-rise-on-record-low-herd-tight-supply-cme-the-beef-site.md) | +1.0% | +8.7% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/us-cattle-futures-finish-higher-usda-data-seen-as-neutral-cme

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.