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A South Dakota State University Extension specialist says South Dakota's total cattle inventory rose from last year, with more cattle on feed, based on the January 31, 2018 NASS Cattle Report. Producers are advised to use futures and basis benchmarks for 2018 marketing decisions.
A larger cattle inventory and more cattle on feed signal ample feeder supply, which weighs on feeder prices while supporting feedlot grain demand.
tsln.comFeb 22, 2018After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% 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.
