# Futures surge following report shock | Western Livestock Journal

> Analysts expected October 20 Cattle on Feed placements to rise modestly, but they jumped over 13.5 percent. Despite that shock, live cattle futures gained several dollars, with triple-digit gains on Tuesday and fund buying in 2018 contracts. Cash fed cattle trade was slow but expected to firm, with asking prices at $116 live.

- Date: 2017-11-01 · published 2017-11-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5328-futures-surge-following-report-shock-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Larger placements add future supply, but strong fund demand and expected higher cash trade pushed futures up, supporting feeder and fed cattle prices and feed demand from feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-11-03 | 5 | +7.9% | 3.3 | Nov 1 futures gained several dollars with fund buying in 2018 contracts despite bearish placements data, showing strong demand-driven sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-05-10 | [Weighing market advantages \| Western Livestock Journal](https://feedsoft.ai/events/30401-weighing-market-advantages-western-livestock-journal.md) | +0.9% | +2.5% |
| LCATTLE | 2021-11-24 | [November cattle market update, Cattle on Feed report \| Western Livestock Journal](https://feedsoft.ai/events/12781-november-cattle-market-update-cattle-on-feed-report-western-livestock-journal.md) | +2.1% | +1.7% |
| LCATTLE | 2021-05-21 | [Market Wrap-Up: May 21, 2021 \| Western Livestock Journal](https://feedsoft.ai/events/10276-market-wrap-up-may-21-2021-western-livestock-journal.md) | -0.1% | +1.6% |
| LCATTLE | 2021-02-05 | [Cattle inventories drift slightly lower \| Western Livestock Journal](https://feedsoft.ai/events/48573-cattle-inventories-drift-slightly-lower-western-livestock-journal.md) | +0.0% | +1.6% |
| LCATTLE | 2019-11-04 | [October Cattle on Feed hits expectations \| Western Livestock Journal](https://feedsoft.ai/events/56209-october-cattle-on-feed-hits-expectations-western-livestock-journal.md) | +1.2% | +4.1% |
| FCATTLE | 2024-05-10 | [Weighing market advantages \| Western Livestock Journal](https://feedsoft.ai/events/30401-weighing-market-advantages-western-livestock-journal.md) | +2.6% | +6.8% |
| FCATTLE | 2021-11-24 | [November cattle market update, Cattle on Feed report \| Western Livestock Journal](https://feedsoft.ai/events/12781-november-cattle-market-update-cattle-on-feed-report-western-livestock-journal.md) | +0.9% | -1.6% |
| FCATTLE | 2021-01-22 | [CME update: live cattle futures surge ahead of USDA Cattle on Feed report
						 \| The Beef Site](https://feedsoft.ai/events/49286-cme-update-live-cattle-futures-surge-ahead-of-usda-cattle-on-feed-report-the.md) | -0.1% | +2.4% |

## Sources

- wlj.net: https://www.wlj.net/futures-surge-following-report-shock/

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