# Markets slide lower on COF news | Western Livestock Journal

> The August Cattle on Feed report showed inventories 1.5 percent above a year earlier and placements of 11 percent versus analyst expectations of 6.7 percent. Marketings fell 1.6 percent, and futures drifted lower with feeder contracts losing 50 to 77 cents.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51751-markets-slide-lower-on-cof-news-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Record cattle on feed and large placements signal ample overfed supplies for packers, pressuring cattle prices and reducing near-term feedlot demand for feed.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-05-23 | [Markets dally before COF report \| Western Livestock Journal](https://feedsoft.ai/events/5753-markets-dally-before-cof-report-western-livestock-journal.md) | -0.6% | -2.4% |
| LCATTLE | 2021-04-09 | [Rising feed prices impact cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/47743-rising-feed-prices-impact-cattle-markets-western-livestock-journal.md) | +0.6% | -3.2% |
| LCATTLE | 2023-10-27 | [Pete's Comments: Speed bump \| Western Livestock Journal](https://feedsoft.ai/events/33775-pete-s-comments-speed-bump-western-livestock-journal.md) | +0.2% | -5.4% |
| LCATTLE | 2019-01-08 | [Beef cattle market: 2018 in review and a look ahead \| Western Livestock Journal](https://feedsoft.ai/events/61217-beef-cattle-market-2018-in-review-and-a-look-ahead-western-livestock-journal.md) | +1.4% | +1.6% |
| LCATTLE | 2017-11-22 | [Future prices depend on supply management \| Western Livestock Journal](https://feedsoft.ai/events/67924-future-prices-depend-on-supply-management-western-livestock-journal.md) | +0.9% | +0.8% |
| FCATTLE | 2019-05-23 | [Markets dally before COF report \| Western Livestock Journal](https://feedsoft.ai/events/5753-markets-dally-before-cof-report-western-livestock-journal.md) | +2.0% | -0.6% |
| FCATTLE | 2021-04-09 | [Rising feed prices impact cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/47743-rising-feed-prices-impact-cattle-markets-western-livestock-journal.md) | -4.8% | -11.3% |
| FCATTLE | 2023-10-27 | [Pete's Comments: Speed bump \| Western Livestock Journal](https://feedsoft.ai/events/33775-pete-s-comments-speed-bump-western-livestock-journal.md) | +0.9% | -8.8% |

## Sources

- wlj.net: https://www.wlj.net/markets-slide-lower-on-cof-news/

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