# U.S. livestock: CME live cattle rally before USDA report - Country Guide

> CME live cattle futures closed higher on June 23 ahead of the USDA Cattle on Feed report, supported by short covering and discounts to cash. Cash cattle in the Plains fell to $118-$123/cwt from $127-$134 a week earlier, and May cattle placements hit a 10-year high for the month.

- Date: 2017-06-23 · published 2017-06-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/70627-u-s-livestock-cme-live-cattle-rally-before-usda-report-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy placements add to future feedlot supply and are mildly bearish, while the sharp drop in cash prices and slack seasonal beef demand weigh on cattle values.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: neutral
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2017-12-22 | [U.S. livestock: CME live cattle mostly lower after USDA report - Country Guide](https://feedsoft.ai/events/67610-u-s-livestock-cme-live-cattle-mostly-lower-after-usda-report-country-guide.md) | +2.1% | +1.1% |
| LCATTLE | 2017-01-24 | [U.S. livestock: CME live cattle slide on cash price unease - Country Guide](https://feedsoft.ai/events/10048-u-s-livestock-cme-live-cattle-slide-on-cash-price-unease-country-guide.md) | -2.0% | -1.9% |
| LCATTLE | 2021-09-24 | [U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports - Canadian Cattlemen](https://feedsoft.ai/events/45190-u-s-livestock-cme-hogs-rise-live-cattle-slip-ahead-of-usda-reports-canadian.md) | -1.2% | +0.7% |
| LCATTLE | 2019-05-23 | [Markets dally before COF report \| Western Livestock Journal](https://feedsoft.ai/events/5753-markets-dally-before-cof-report-western-livestock-journal.md) | -0.6% | -2.4% |
| LCATTLE | 2026-07-02 | [LIVESTOCK-Cattle futures dip lower, USDA reports unexpected export sales spike](https://feedsoft.ai/events/5237-livestock-cattle-futures-dip-lower-usda-reports-unexpected-export-sales-spike.md) | -2.2% | -7.8% |
| FCATTLE | 2020-03-20 | [Market confusion overshadows cattle report \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/54266-market-confusion-overshadows-cattle-report-livestock-farmweeknow-com.md) | +11.7% | +2.1% |
| FCATTLE | 2024-09-22 | [Cattle supply remains tight; market rallies \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/28432-cattle-supply-remains-tight-market-rallies-livestock-farmweeknow-com.md) | +0.9% | +1.4% |
| FCATTLE | 2020-02-06 | [US cattle herd expansion ends \| Meat & Livestock Australia](https://feedsoft.ai/events/54548-us-cattle-herd-expansion-ends-meat-and-livestock-australia.md) | -0.5% | -1.5% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-rally-before-usda-report-2/

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