# Beef Market Update: Strong basis prompts cattle feeders to remain current - RealAgriculture

> Strong cash basis in Canada and the U.S. is pushing cattle feeders to sell sooner and at lighter weights. USDA data showed cattle on feed for April 1 up 7% from 2017, the second highest since 1996, with March placements down 9%.

- Date: 2018-04-21 · published 2018-04-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65639-beef-market-update-strong-basis-prompts-cattle-feeders-to-remain-current
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Larger feedlot inventories and early marketings at lighter weights add near-term supply, which pressures live cattle prices and reduces feed demand per head.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-04-18 | [Beef Market Update: USDA Cattle on Feed, calving season, and dry pasture conditions on the Prairies - RealAgriculture](https://feedsoft.ai/events/5962-beef-market-update-usda-cattle-on-feed-calving-season-and-dry-pasture.md) | -0.3% | -8.9% |
| 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 | 2022-05-02 | [Cattle Current Daily—May 2, 2022 – Cattle Current Market Update](https://feedsoft.ai/events/6074-cattle-current-daily-may-2-2022-cattle-current-market-update.md) | -3.2% | -4.4% |
| 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 | 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% |
| FCATTLE | 2019-04-18 | [Beef Market Update: USDA Cattle on Feed, calving season, and dry pasture conditions on the Prairies - RealAgriculture](https://feedsoft.ai/events/5962-beef-market-update-usda-cattle-on-feed-calving-season-and-dry-pasture.md) | -1.2% | -7.6% |
| 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% |
| FCATTLE | 2022-05-02 | [Cattle Current Daily—May 2, 2022 – Cattle Current Market Update](https://feedsoft.ai/events/6074-cattle-current-daily-may-2-2022-cattle-current-market-update.md) | +2.0% | +6.4% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/04/beef-market-update-strong-basis-prompts-cattle-feeders-to-remain-current/

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