# FEEDSTUFFS MEAT PRICE OUTLOOK: May 01, 2018

> USDA's Cattle on Feed report showed 4.2 million head of heifers on feed, the largest since 2012 and up 14% year over year. Cold storage pork stocks in March totaled 611 million lb., up 11% from a year earlier.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4611-feedstuffs-meat-price-outlook-may-01-2018
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy heifer placements and rising beef cow slaughter signal slower herd growth and more beef supply ahead. This points to softer cattle prices over the coming months.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-05-01 | 1 | -7.5% | -10.3 | The USDA Cattle on Feed report showed the largest heifers-on-feed count since 2012, signaling heavy future fed supplies and bearish pressure on futures. |
| LCATTLE | 2018-05-07 | 5 | -7.4% | -3.4 | Cattle on Feed showed record heifer placements, up 14% y/y, signalling larger fed supplies and bearish expectations for futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2017-09-19 | [FEEDSTUFFS MEAT PRICE OUTLOOK: September 19, 2017](https://feedsoft.ai/events/69064-feedstuffs-meat-price-outlook-september-19-2017.md) | +2.0% | +4.3% |
| LCATTLE | 2018-06-08 | [Projecting feeder cattle prices in 2018](https://feedsoft.ai/events/64683-projecting-feeder-cattle-prices-in-2018.md) | +0.8% | -2.6% |
| LCATTLE | 2018-03-06 | [What you need to know from ABARES’ Outlook 2018 \| ACT](https://feedsoft.ai/events/65950-what-you-need-to-know-from-abares-outlook-2018-act.md) | -0.7% | -6.9% |
| LCATTLE | 2018-02-02 | [CattleFax Outlook: Cattle profitability remains for 2018](https://feedsoft.ai/events/66628-cattlefax-outlook-cattle-profitability-remains-for-2018.md) | -0.5% | -0.7% |
| LCATTLE | 2025-12-18 | [Beef Market Outlook: Heavier Weights, Price Adjustments](https://feedsoft.ai/events/21647-beef-market-outlook-heavier-weights-price-adjustments.md) | -0.4% | +1.2% |
| FCATTLE | 2018-06-08 | [Projecting feeder cattle prices in 2018](https://feedsoft.ai/events/64683-projecting-feeder-cattle-prices-in-2018.md) | -1.6% | +4.2% |
| FCATTLE | 2018-03-06 | [What you need to know from ABARES’ Outlook 2018 \| ACT](https://feedsoft.ai/events/65950-what-you-need-to-know-from-abares-outlook-2018-act.md) | -2.0% | -10.1% |
| FCATTLE | 2018-02-02 | [CattleFax Outlook: Cattle profitability remains for 2018](https://feedsoft.ai/events/66628-cattlefax-outlook-cattle-profitability-remains-for-2018.md) | -1.5% | -3.9% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/feedstuffs-meat-price-outlook-may-1-2018

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