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US cattle placements into feedlots with at least 1,000 head capacity fell year over year in October, the second straight monthly decline. Year-to-date placements through October were slightly below 2017 levels, ending a long run of gains.
Slowing feedlot placements and expected smaller calf crops point to tighter cattle supplies ahead, supporting cattle prices and feedlot demand for feed over time.
farmprogress.comScott BrownDec 4, 2018After 268 past bullish report events, LCATTLE 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, FCATTLE moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% 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.
