# Cattle futures look for price direction

> Cattle futures have trended higher since April after a March sell-off tied to COVID-19 demand fears and plant closures. The July cattle on feed report was neutral versus expectations, showing cattle on feed at 100% of last year and heavier supplies lingering in feedlots.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52236-cattle-futures-look-for-price-direction
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Large numbers of cattle held in feedlots longer signal ample near-term supply, a bearish factor that likely keeps October futures in a consolidation range of 101 to 107.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-11-11 | [CME update: feed cattle futures dip as corn prices rise
						 \| The Cattle Site](https://feedsoft.ai/events/7939-cme-update-feed-cattle-futures-dip-as-corn-prices-rise-the-cattle-site.md) | +1.3% | -0.5% |
| LCATTLE | 2026-05-25 | [Feeder cattle futures sink on surprise feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/19409-feeder-cattle-futures-sink-on-surprise-feedlot-data-cme-the-cattle-site.md) | -0.7% | +0.7% |
| LCATTLE | 2018-10-11 | [Cattle futures mixed, watching direct cash trade develop - Brownfield Ag News](https://feedsoft.ai/events/62671-cattle-futures-mixed-watching-direct-cash-trade-develop-brownfield-ag-news.md) | +0.2% | +3.6% |
| LCATTLE | 2017-01-01 | [USDA beefs up fed cattle price reporting](https://feedsoft.ai/events/73130-usda-beefs-up-fed-cattle-price-reporting.md) | -0.8% | +2.6% |
| LCATTLE | 2020-07-22 | [USDA Releases Report on Boxed Beef and Fed Cattle Price Investigation](https://feedsoft.ai/events/52238-usda-releases-report-on-boxed-beef-and-fed-cattle-price-investigation.md) | -0.0% | +6.9% |
| FCATTLE | 2020-11-11 | [CME update: feed cattle futures dip as corn prices rise
						 \| The Cattle Site](https://feedsoft.ai/events/7939-cme-update-feed-cattle-futures-dip-as-corn-prices-rise-the-cattle-site.md) | -2.5% | -2.7% |
| FCATTLE | 2018-09-25 | [Increasing beef production: What it means for cattle prices](https://feedsoft.ai/events/63190-increasing-beef-production-what-it-means-for-cattle-prices.md) | +1.4% | -0.5% |
| FCATTLE | 2018-06-08 | [Projecting feeder cattle prices in 2018](https://feedsoft.ai/events/64683-projecting-feeder-cattle-prices-in-2018.md) | -1.6% | +4.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-futures-business-summit/cattle-futures-look-for-price-direction

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