# Pete's Comments: Speed bump | Western Livestock Journal

> Futures fell by the daily limit after the October USDA Cattle on Feed report showed feedlot inventory at 11.58 million head, up 0.6% year over year, and September placements up 6.1%. Cash fed cattle traded near $183, about $3 lower than the prior week.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33775-pete-s-comments-speed-bump-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher placements and feedlot supplies add near-term pressure on fed and feeder cattle prices, though packers' need for cattle into the holidays should limit the decline in cash prices.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-08-28 | [Markets slide lower on COF news \| Western Livestock Journal](https://feedsoft.ai/events/51751-markets-slide-lower-on-cof-news-western-livestock-journal.md) | -0.2% | +0.9% |
| LCATTLE | 2019-05-23 | [Markets dally before COF report \| Western Livestock Journal](https://feedsoft.ai/events/5753-markets-dally-before-cof-report-western-livestock-journal.md) | -0.6% | -2.4% |
| LCATTLE | 2020-03-09 | [Cattle feeding returns faltering \| Western Livestock Journal](https://feedsoft.ai/events/5174-cattle-feeding-returns-faltering-western-livestock-journal.md) | -5.6% | -6.9% |
| LCATTLE | 2021-04-09 | [Rising feed prices impact cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/47743-rising-feed-prices-impact-cattle-markets-western-livestock-journal.md) | +0.6% | -3.2% |
| LCATTLE | 2017-11-22 | [Future prices depend on supply management \| Western Livestock Journal](https://feedsoft.ai/events/67924-future-prices-depend-on-supply-management-western-livestock-journal.md) | +0.9% | +0.8% |
| FCATTLE | 2020-08-28 | [Markets slide lower on COF news \| Western Livestock Journal](https://feedsoft.ai/events/51751-markets-slide-lower-on-cof-news-western-livestock-journal.md) | -3.1% | -1.2% |
| FCATTLE | 2019-05-23 | [Markets dally before COF report \| Western Livestock Journal](https://feedsoft.ai/events/5753-markets-dally-before-cof-report-western-livestock-journal.md) | +2.0% | -0.6% |
| FCATTLE | 2020-10-02 | [Cattle on Feed report pushes feeders south \| Western Livestock Journal](https://feedsoft.ai/events/50773-cattle-on-feed-report-pushes-feeders-south-western-livestock-journal.md) | -2.0% | -3.2% |

## Sources

- wlj.net: https://www.wlj.net/petes-comments-speed-bump/

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