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The November Cattle on Feed report showed fewer cattle on feed than a year earlier and October feeder placements 6% below last year, the smallest October placements in 26 years. Cash cattle traded at a new high for the year near $153 per cwt.
Tighter feeder supply and lighter placements support fed cattle and feeder cattle prices into the coming months.
dtnpf.comShayLe StewartNov 21, 2022After 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 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% 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.
