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USDA NASS reported that US all-cattle inventory on January 1, 2022 was 91.9 million head, down 2% from a year earlier. Beef cows fell 2% to 30.1 million, and cattle on feed were roughly flat year over year at 14.7 million head.
A smaller beef herd tightens future feeder cattle supply and supports cattle prices, while stable feedlot numbers mean steady near-term feed demand.
dtnpf.comDTN StaffJan 31, 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 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.
