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Beef Magazine describes mixed cattle market signals, with fed cattle prices at their highest since mid-2015 and cattle on feed inventories very high. Placements exceeded expectations and beef demand remains strong.
High feedlot inventories weigh on near-term prices, while tightening future beef supplies from heifer retention and cow culling support longer-term values.
beefmagazine.comMay 4, 2022After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
