Loading…
The USDA Federal-State feeder and stocker report for Nov 1 shows receipts of 325,600 head, down from the prior week and last year. Cold weather and snow limited movement, and yearlings sold steady to $3 higher.
Southern Plains cash cattle traded at $112, up $2, and Northern dressed trade rose $5 to $180.
Lower auction receipts and firmer cash and dressed prices support feeder and fed cattle values, while harvest delays slow corn drying.
capitalpress.comStaff ReportsNov 1, 2019After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
Nov 1 report showed Southern Plains cash cattle up $2 to $112 and dressed trade up $5, a cash-price rise that supports live cattle futures within the window.
