# Cattlemen, Traders Prioritize Fundamentals Over Recent Cattle on Feed Report

> DTN analyst ShayLe Stewart notes that on June 26 cattle futures closed mixed despite USDA's June 23 Cattle on Feed report showing May placements at 1.96 million head, 105% of a year earlier and above analyst estimates. Traders focused more on grain markets than on the report.

- Date: 2023-06-26 · published 2023-06-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35629-cattlemen-traders-prioritize-fundamentals-over-recent-cattle-on-feed-report
- 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

Placements above expectations signal heavier feedlot intake, but grain-market focus shows corn drove price direction more than the report.

## Read by commodity

- CORN: neutral
- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/sort-cull/blog-post/2023/06/26/cattlemen-traders-prioritize-recent

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