# Cattle futures rise on lower-than-expected placements - CME
						 | The Cattle Site

> CME live and feeder cattle futures ended higher on Friday November 17, 2023 after the USDA reported October cattle placements up 3.8% year over year, below analyst expectations of 4.9%. Cattle on feed on November 1 was 11.9 million head, up 1.7%, close to expectations, and October marketings fell 2.5%. December live cattle closed at 175.750 cents per pound.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7974-cattle-futures-rise-on-lower-than-expected-placements-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Placements below expectations reduce near-term feedlot supply and support cattle futures, while larger supplies over 700 pounds point to well-supplied markets early next year. Lower marketings suggest tighter supplies later in the spring.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-09-22 | [Cattle futures surge on weak feedlot placements - CME
						 \| The Cattle Site](https://feedsoft.ai/events/17615-cattle-futures-surge-on-weak-feedlot-placements-cme-the-cattle-site.md) | -1.1% | +2.0% |
| LCATTLE | 2017-08-28 | [Cattle Futures Climb on Slower Placements \| Fox Business](https://feedsoft.ai/events/69587-cattle-futures-climb-on-slower-placements-fox-business.md) | -1.7% | +0.8% |
| LCATTLE | 2025-07-28 | [US cattle futures rise on record-low herd, tight supply - CME
						 \| The Beef Site](https://feedsoft.ai/events/23895-us-cattle-futures-rise-on-record-low-herd-tight-supply-cme-the-beef-site.md) | +1.1% | +3.8% |
| LCATTLE | 2026-07-26 | [Feeder cattle futures stabilise ahead of feedlot report - CME
						 \| The Cattle Site](https://feedsoft.ai/events/18484-feeder-cattle-futures-stabilise-ahead-of-feedlot-report-cme-the-cattle-site.md) | -0.6% | -2.9% |
| LCATTLE | 2024-04-23 | [Live cattle futures jump on supportive USDA feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site.md) | +0.8% | +0.9% |
| FCATTLE | 2026-09-22 | [Cattle futures surge on weak feedlot placements - CME
						 \| The Cattle Site](https://feedsoft.ai/events/17615-cattle-futures-surge-on-weak-feedlot-placements-cme-the-cattle-site.md) | -1.7% | +2.1% |
| FCATTLE | 2017-08-28 | [Cattle Futures Climb on Slower Placements \| Fox Business](https://feedsoft.ai/events/69587-cattle-futures-climb-on-slower-placements-fox-business.md) | +1.0% | +6.4% |
| FCATTLE | 2025-07-28 | [US cattle futures rise on record-low herd, tight supply - CME
						 \| The Beef Site](https://feedsoft.ai/events/23895-us-cattle-futures-rise-on-record-low-herd-tight-supply-cme-the-beef-site.md) | +1.0% | +8.7% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/cattle-futures-rise-on-lower-than-expected-placements-cme

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