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USDA data show US September feedlot placements fell 12% from a year earlier, the lowest September total on record and a bigger drop than analysts expected. Drought may have pushed producers to sell calves early.
Heifer retention remains limited, so the cow herd is not yet rebuilding.
Fewer feeder cattle entering feedlots tightens the supply pipeline for fed cattle and supports feeder and live cattle prices. Limited heifer retention means the tightness is unlikely to ease soon.
aginfo.netNov 2, 2026After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% 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.
