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Beef Magazine reviews fed cattle supply, noting feedlot placements have been lower than a year earlier, especially for heavier feeders. Cow slaughter was very high in 2022 but is slowing, and heifer mix on feed was at a record high at the start of 2023.
Lower placements and slowing cow slaughter point to tighter near-term fed cattle supply, supporting prices and feed demand over the coming months.
beefmagazine.comApr 12, 2023After 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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
