# Cattle futures hit hard by on feed, inventory numbers - Brownfield Ag News

> CME live cattle futures fell sharply after USDA cattle on feed and inventory reports showed continued herd expansion and a large jump in placements. August live cattle was down $2.55 and feeder cattle down $4.50 to $148.45.

- Date: 2017-07-24 · published 2017-07-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/70086-cattle-futures-hit-hard-by-on-feed-inventory-numbers-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Confirmed herd growth and heavy placements imply substantial beef supply later in the year, pressuring futures and feeder cattle values.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 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) | -1.4% | +6.8% |
| 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 | 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 | 2021-06-17 | [Live cattle, hogs sharply lower heading into Friday - Brownfield Ag News](https://feedsoft.ai/events/6260-live-cattle-hogs-sharply-lower-heading-into-friday-brownfield-ag-news.md) | -1.3% | -0.2% |
| FCATTLE | 2018-04-23 | [COF report shows more heifers in feedlots - Brownfield Ag News](https://feedsoft.ai/events/65648-cof-report-shows-more-heifers-in-feedlots-brownfield-ag-news.md) | +3.4% | -3.7% |
| 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 | 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 | 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% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-hit-hard-feed-inventory-numbers/

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