Markets Expected to Continue Strong; Leverage Shift on the Horizon

After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.

• Feb 6, 2020Strong demand, leverage shift adds optimism for year ahead | TSLN.com-1.2%
• Jul 28, 2022Fewer cattle expected as cow herds shrink due to drought | The Western Producer-0.1%
• Feb 6, 2025CattleFax Forecasts Continued Strong Demand and High Price Outlook for Cattle Producers-1.7%
• Nov 2, 2022Terrain | Drought-forced Cattle Movement Expected to Impact Markets into 2023+0.4%
• Feb 12, 2018Drought relief expected to help grain and cattle outlook - High Plains Journal+1.5%

After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.

• Jul 28, 2022Fewer cattle expected as cow herds shrink due to drought | The Western Producer+0.1%
• Feb 6, 2025CattleFax Forecasts Continued Strong Demand and High Price Outlook for Cattle Producers-2.1%
• Sep 28, 2017Midwest continues to see dry weather | Iowa Agribusiness Radio Network-0.2%
• Sep 22, 2020Fall calf market depends on corn, wheat and more | College News-0.1%
• Feb 12, 2018Drought relief expected to help grain and cattle outlook - High Plains Journal+2.4%

After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.

• Dec 22, 2023Grains respond to continued hot, dry weather in Brazil - Agweek | #1 source for agriculture news, farming, markets+2.4%
• Feb 17, 2026Climate Prediction Center: La Niña Likely to Fade, El Niño May Develop by Summer - Southeast AgNET-1.0%
• Nov 6, 2017Weather continues to influence global markets | Crops | leadertelegram.com-4.4%
• Jan 19, 2018GRAIN MARKETS: Soybeans step higher on South American weather+0.7%
• Aug 29, 2023Feed markets on the move - Mecardo-2.8%