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USDA's latest Cattle on Feed report showed feeder cattle placements into feedlots in September down 12% from a year earlier, extending a run of declines since May. On-feed inventories are down most sharply in Idaho, Iowa, Colorado and Texas.
Fewer placements will constrain fed cattle marketings into early 2027, with heavier weights only partly offsetting the supply gap, supporting fed cattle and live cattle prices.
feedlotmagazine.comKatelyn SteffensNov 3, 2026After 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.
After 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.
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.
