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Oklahoma State's Derrell Peel reports US all-cattle inventory at 93.6 million head on January 1, 2021, down fractionally from a year earlier. Beef cows fell 0.6 percent while dairy cows rose 1.1 percent, and the cattle on feed total was up 0.3 percent.
A slightly smaller cow herd and tight replacement supply support longer-term cattle prices, but current feeder supply is near neutral for feed demand.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistFeb 5, 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 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), 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.
