# Cattle Current Daily—May 2, 2022 – Cattle Current Market Update

> Cattle futures weakened over the week after the Cattle on Feed report showed unexpectedly large March feedlot placements. Live cattle futures closed lower on sagging wholesale beef values and concerns that high retail beef prices are weighing on demand. Negotiated cash fed cattle prices held steady to higher ahead of a summer supply increase.

- Date: 2022-05-02 · published 2022-05-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6074-cattle-current-daily-may-2-2022-cattle-current-market-update
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Larger-than-expected placements add to future fed cattle supply, pressuring futures, while firm cash prices reflect tight near-term supplies. Feed demand from feedlots depends on how placements and cash prices evolve into summer.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2022-05-06 | 5 | -3.2% | -3.0 | Larger-than-expected feedlot placements in Cattle on Feed, weaker wholesale beef values and retail-price demand worries are bearish for futures during the window. |
| LCATTLE | 2022-05-02 | 1 | -2.3% | -5.5 | Dated May 2, it reports live cattle futures closing lower on weak wholesale beef values and demand concerns from high retail prices, plus large Cattle on Feed placements, which weigh on sentiment and demand. |
| LCATTLE | 2022-05-01 | 1 | -2.4% | -5.0 | Futures weakened on large placements in the On Feed report, sagging wholesale beef values and retail-price demand concerns, which are bearish sentiment drivers. |
| LCATTLE | 2022-05-05 | 5 | -3.2% | -2.9 | Futures weakened after unexpectedly large placements, with sagging wholesale beef and retail price demand worries adding bearish sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-03-31 | [Cattle Current Daily-Apr. 2, 2018 – Cattle Current Market Update](https://feedsoft.ai/events/11973-cattle-current-daily-apr-2-2018-cattle-current-market-update.md) | -2.6% | +2.8% |
| LCATTLE | 2017-09-25 | [Cattle Current Daily-September 26 – Cattle Current Market Update](https://feedsoft.ai/events/69086-cattle-current-daily-september-26-cattle-current-market-update.md) | +0.1% | +2.4% |
| LCATTLE | 2020-09-26 | [Cattle Current Podcast—Sept. 28, 2020 – Cattle Current Market Update](https://feedsoft.ai/events/51243-cattle-current-podcast-sept-28-2020-cattle-current-market-update.md) | +1.0% | -0.1% |
| LCATTLE | 2018-04-21 | [Beef Market Update: Strong basis prompts cattle feeders to remain current - RealAgriculture](https://feedsoft.ai/events/65639-beef-market-update-strong-basis-prompts-cattle-feeders-to-remain-current.md) | +3.1% | -6.5% |
| LCATTLE | 2022-03-28 | [March 1 Cattle on Feed Up 1%](https://feedsoft.ai/events/42437-march-1-cattle-on-feed-up-1.md) | -0.7% | +0.9% |
| FCATTLE | 2018-03-31 | [Cattle Current Daily-Apr. 2, 2018 – Cattle Current Market Update](https://feedsoft.ai/events/11973-cattle-current-daily-apr-2-2018-cattle-current-market-update.md) | -0.2% | +4.7% |
| FCATTLE | 2017-09-25 | [Cattle Current Daily-September 26 – Cattle Current Market Update](https://feedsoft.ai/events/69086-cattle-current-daily-september-26-cattle-current-market-update.md) | -0.8% | +0.1% |
| FCATTLE | 2020-09-26 | [Cattle Current Podcast—Sept. 28, 2020 – Cattle Current Market Update](https://feedsoft.ai/events/51243-cattle-current-podcast-sept-28-2020-cattle-current-market-update.md) | -0.3% | -4.8% |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-may-2-2022/

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