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The USDA Federal-State report for Feb. 8 shows 270,200 feeder and stocker cattle receipts, down from 292,400 last week.
Demand for grazing calves was good, while an Arctic blast is expected to raise cattle energy needs on the Plains. Fed cattle sold at 114.00 in the Southern Plains.
Cold weather increases cattle maintenance feed needs and cuts gains, which can affect feed demand and feedlot buying decisions for feeders.
capitalpress.comStaff ReportsFeb 8, 2021After 21 past neutral weather events, Feeder Cattle moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), and -0.2% over 20.
After 20 past neutral weather events, Live Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.3% to +1.2%), and +3.0% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
