# COF report shows more heifers in feedlots - Brownfield Ag News

> USDA's April cattle-on-feed report showed 4.2 million heifers and heifer calves on feed, up 14% from a year earlier and about 36% of total feedlot inventory. Total cattle on feed was 11.7 million head, the second-highest April 1 figure on record. USDA analyst Shayle Shagam expects feeder prices, now about $145 per hundredweight, to fall into the high $130s in the third quarter.

- Date: 2018-04-23 · published 2018-04-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65648-cof-report-shows-more-heifers-in-feedlots-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Heavy feedlot placements and heifer retention point to more fed beef supply and lower feeder prices, which weighs on cattle futures in the coming months.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-05-02 | 5 | -6.7% | -3.2 | Cattle-on-feed report showed record-high heifer placements and the second-highest April inventory, signaling heavy summer beef supplies and bearish futures sentiment. |
| LCATTLE | 2018-04-30 | 1 | -6.8% | -10.3 | The cattle-on-feed report showed record-high heifer placements and large inventories, which implies heavy supply and weaker prices ahead. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-09-27 | [Cattle, hog futures react to Friday's USDA reports - Brownfield Ag News](https://feedsoft.ai/events/45189-cattle-hog-futures-react-to-friday-s-usda-reports-brownfield-ag-news.md) | -1.1% | +0.5% |
| LCATTLE | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +0.1% | -9.0% |
| LCATTLE | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.2% | +1.2% |
| LCATTLE | 2017-02-24 | [Feeder cattle futures were sharply lower - Brownfield Ag News](https://feedsoft.ai/events/8680-feeder-cattle-futures-were-sharply-lower-brownfield-ag-news.md) | -0.9% | +3.2% |
| LCATTLE | 2017-07-24 | [Cattle futures hit hard by on feed, inventory numbers - Brownfield Ag News](https://feedsoft.ai/events/70086-cattle-futures-hit-hard-by-on-feed-inventory-numbers-brownfield-ag-news.md) | -1.6% | -6.2% |
| FCATTLE | 2021-09-27 | [Cattle, hog futures react to Friday's USDA reports - Brownfield Ag News](https://feedsoft.ai/events/45189-cattle-hog-futures-react-to-friday-s-usda-reports-brownfield-ag-news.md) | -1.2% | +0.5% |
| FCATTLE | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +4.5% | -8.4% |
| FCATTLE | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | +2.7% | +5.1% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/cof-report-shows-more-heifers-in-feedlots/

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