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Negotiated cash fed cattle prices ended the week of 28 September about $2 higher at mostly $105 per cwt live. Feeder cattle futures closed lower ahead of a bearish Cattle on Feed report, while corn and soybean futures ended mixed.
A bearish Cattle on Feed report weighs on feeder cattle values, which signals softer feedlot placements and reduced feed demand ahead.
cattlecurrent.comWLISep 26, 2020After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), 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.
