# U.S. livestock: Feeder cattle gain from falling feed prices - AgCanada

> CME March feeder cattle settled up for the week as corn futures fell 5.8%, their biggest weekly drop since March 2020. USDA's Cattle on Feed report showed December feedlot placements at 101% of a year earlier, above expectations of a 3% decline.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49292-u-s-livestock-feeder-cattle-gain-from-falling-feed-prices-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper corn lowers feedlot costs and may encourage placements, while analysts expect slower placements to tighten finished cattle supply later in 2021, supporting cattle prices.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-feeder-cattle-gain-from-falling-feed-prices

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