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Wisconsin is accepting applications for meat processor grants of up to $50,000, with applications due January 14, 2022. The update also notes the Cattle on Feed report showed October 1 feedlot inventory at 11.6 million head, 1% below last year, and September placements 3% lower.
Smaller cattle on feed numbers point to tighter feedlot supplies and modestly reduced feed grain demand from the cattle sector.
midwestfarmreport.comPam JahnkeOct 30, 2021After 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.
