# Will cattle market setback continue?

> Cattle futures fell after the April Cattle on Feed report showed the April 1 inventory at 12.1 million head, the highest on record for that date since 1996. Placements were above expectations, and cash prices remained firm in the Midwest.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/41980-will-cattle-market-setback-continue
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Record feedlot supplies add near-term bearish pressure on cattle futures, though firm cash trade and deferred-contract strength limit downside.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2022-05-05 | 5 | -3.2% | -2.9 | The April Cattle on Feed report showed record-high April 1 inventory and above-expected placements, which pressured futures through the following week. |
| LCATTLE | 2022-05-01 | 1 | -2.4% | -5.0 | Record-high April 1 on-feed inventory and above-expected placements pressured futures, a supply-side bearish factor. |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/will-cattle-market-setback-continue-

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