# Live cattle futures jump on supportive USDA feedlot data - CME
						 | The Cattle Site

> Live cattle futures on the CME surged on April 22 after USDA reported that March cattle placements into US feedlots fell 12% from a year earlier, which was steeper than the 7% decline analysts expected. Total cattle on feed as of April 1 was 11.8 million head, up 1%, below the 2.1% increase expected. CME June live cattle settled at 178.050 cents per pound.

- Date: 2024-04-23 · published 2024-04-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Smaller-than-expected placements signal fewer market-ready cattle later this year, which supports cattle prices and the outlook for feed demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-09-22 | [Cattle futures surge on weak feedlot placements - CME
						 \| The Cattle Site](https://feedsoft.ai/events/17615-cattle-futures-surge-on-weak-feedlot-placements-cme-the-cattle-site.md) | -1.1% | +2.0% |
| LCATTLE | 2026-07-26 | [Feeder cattle futures stabilise ahead of feedlot report - CME
						 \| The Cattle Site](https://feedsoft.ai/events/18484-feeder-cattle-futures-stabilise-ahead-of-feedlot-report-cme-the-cattle-site.md) | -0.6% | -2.9% |
| LCATTLE | 2024-09-23 | [US cattle futures finish higher, USDA data seen as neutral - CME
						 \| The Cattle Site](https://feedsoft.ai/events/28447-us-cattle-futures-finish-higher-usda-data-seen-as-neutral-cme-the-cattle-site.md) | +0.9% | +2.8% |
| 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% |
| FCATTLE | 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) | -0.1% | +2.4% |
| FCATTLE | 2026-09-22 | [Cattle futures surge on weak feedlot placements - CME
						 \| The Cattle Site](https://feedsoft.ai/events/17615-cattle-futures-surge-on-weak-feedlot-placements-cme-the-cattle-site.md) | -1.7% | +2.1% |
| FCATTLE | 2026-07-26 | [Feeder cattle futures stabilise ahead of feedlot report - CME
						 \| The Cattle Site](https://feedsoft.ai/events/18484-feeder-cattle-futures-stabilise-ahead-of-feedlot-report-cme-the-cattle-site.md) | +0.8% | -3.1% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme

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