# Crop Planting Report and Feeder Price Decline | Ohio BEEF Cattle Letter

> The USDA prospective plantings report put 2018 US corn acres at 88 million, below the 89.3 million expected, and soybean acres at 89 million, below the 91 to 92 million expected. Corn acres are the lowest since 2015 and fall below soybean acres for the first time in 35 years. December corn rose from $3.97 to about $4.15 on the report, and November feeder futures fell from $145.88 to $141.17.

- Date: 2018-04-11 · published 2018-04-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65646-crop-planting-report-and-feeder-price-decline-ohio-beef-cattle-letter
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Smaller corn and soybean plantings tighten the feed grain and oilseed outlook and lift corn prices, while higher feed costs weigh on feeder cattle values amid heavy feedlot supplies.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- FCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-05 | [Calf Price Rally and a Crop Production Report \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/71636-calf-price-rally-and-a-crop-production-report-ohio-beef-cattle-letter.md) | +0.5% | +1.3% |
| CORN | 2020-10-28 | [Cattle on Feed Grows Again \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/50777-cattle-on-feed-grows-again-ohio-beef-cattle-letter.md) | -2.9% | +7.1% |
| CORN | 2019-07-10 | [Finding a Bottom Through Grains and Holiday Meat Demand \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/58219-finding-a-bottom-through-grains-and-holiday-meat-demand-ohio-beef-cattle-letter.md) | +0.4% | -5.9% |
| CORN | 2020-08-28 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/51750-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.0% | +5.4% |
| CORN | 2022-08-27 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/40181-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.5% | -0.0% |
| SOY | 2019-07-10 | [Finding a Bottom Through Grains and Holiday Meat Demand \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/58219-finding-a-bottom-through-grains-and-holiday-meat-demand-ohio-beef-cattle-letter.md) | +0.6% | -4.0% |
| SOY | 2018-04-03 | [Planting report leads to market rally - Farm and Dairy](https://feedsoft.ai/events/65541-planting-report-leads-to-market-rally-farm-and-dairy.md) | +1.1% | +0.2% |
| SOY | 2018-03-30 | [Planting report bullish](https://feedsoft.ai/events/66029-planting-report-bullish.md) | -1.1% | +0.0% |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2018/04/11/crop-planting-report-and-feeder-price-decline/

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