# Grinding through fed Cattle Supplies

> The USDA Cattle on Feed report showed June 1 feedlot inventory of 11.699 million head, nearly unchanged year over year, with May placements down 6.9% and marketings up 23.4%. Cash fed cattle prices were at their highest in two months as feedlot inventories declined.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46737-grinding-through-fed-cattle-supplies
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tighter feedlot inventories and placements point to lower future feed demand from cattle, though the fed cattle market is easing its capacity constraint.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-12 | [Fed Cattle Supplies](https://feedsoft.ai/events/36532-fed-cattle-supplies.md) | +3.3% | -2.2% |
| LCATTLE | 2023-04-12 | [Fed Cattle Supplies \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/36528-fed-cattle-supplies-ohio-beef-cattle-letter.md) | +3.3% | -2.2% |
| LCATTLE | 2022-10-31 | [Ongoing drought could spell lower future cattle supplies - RFD-TV](https://feedsoft.ai/events/39265-ongoing-drought-could-spell-lower-future-cattle-supplies-rfd-tv.md) | +1.1% | +2.7% |
| LCATTLE | 2023-04-02 | [Futures File: Cattle bolt on low supplies - CNHI](https://feedsoft.ai/events/8668-futures-file-cattle-bolt-on-low-supplies-cnhi.md) | +3.5% | +2.7% |
| LCATTLE | 2019-08-01 | [Turning point in US cattle supply](https://feedsoft.ai/events/58220-turning-point-in-us-cattle-supply.md) | +0.4% | -3.8% |
| FCATTLE | 2023-04-12 | [Fed Cattle Supplies](https://feedsoft.ai/events/36532-fed-cattle-supplies.md) | +1.9% | +1.9% |
| FCATTLE | 2023-04-12 | [Fed Cattle Supplies \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/36528-fed-cattle-supplies-ohio-beef-cattle-letter.md) | +1.9% | +1.9% |
| FCATTLE | 2022-10-31 | [Ongoing drought could spell lower future cattle supplies - RFD-TV](https://feedsoft.ai/events/39265-ongoing-drought-could-spell-lower-future-cattle-supplies-rfd-tv.md) | -0.0% | -0.6% |

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/grinding-through-fed-cattle-supplies

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