Growing on-feed inventory, lower placements and no sign of heifer retention

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.

• May 25, 2022Record Number of Cattle on Feed and Record Low Inventory Outside of Feedlots+9.9%
• Feb 14, 2024Replacement Heifer and Cattle on Feed Trends Affecting Markets - AG INFORMATION NETWORK OF THE WEST+1.4%
• Jan 28, 2025Ongoing shortfall of replacement cattle spurs feedlots to hold on to their inventory | The National Provisioner-3.3%
• Jan 13, 2023Heifer Retention in 2023 Will Put More Pressure on Feeder Markets-2.3%
• May 25, 2018U.S. livestock: Feeder cattle extend gains on drop in placements - Grainews+7.3%

After 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.

• Feb 14, 2024Replacement Heifer and Cattle on Feed Trends Affecting Markets - AG INFORMATION NETWORK OF THE WEST-0.0%
• Jan 28, 2025Ongoing shortfall of replacement cattle spurs feedlots to hold on to their inventory | The National Provisioner-0.6%
• Jan 13, 2023Heifer Retention in 2023 Will Put More Pressure on Feeder Markets-0.8%
• May 25, 2018U.S. livestock: Feeder cattle extend gains on drop in placements - Grainews-1.8%
• Nov 1, 2024Cattle on Feed Remains Elevated, Despite Low Cattle Inventory-1.9%