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Live and feeder cattle futures fell after Friday's USDA Cattle on Feed report, with October live cattle down $0.52 to $122.40. Lean hog futures finished higher, supported by the Hogs and Pigs report released the same day.
A cattle inventory report that pressures futures signals ample feedlot supplies, which can weigh on feeder cattle values and feed demand for corn and meal; the hog report's bullish tilt supports lean hog prices.
brownfieldagnews.comMeghan GrebnerSep 27, 2021After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), 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.
