# Futures firm, cash prices higher as USDA reports offer no fireworks

> USDA's Cattle on Feed report showed October 1 inventory at 11.55 million head, unchanged from last year and mostly in line with expectations. December live cattle futures rose $1.825 to $189.15 per cwt, and cash fed cattle traded $2 to $4 higher on the week.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/8082-futures-firm-cash-prices-higher-as-usda-reports-offer-no-fireworks
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Cattle supplies were steady and packer margins improved, supporting higher cash cattle prices. Feeder cattle buyers face firmer prices as packers bid more for fed cattle.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-10-23 | [Cattle Ticking Higher Ahead of USDA Report](https://feedsoft.ai/events/590-cattle-ticking-higher-ahead-of-usda-report.md) | +0.1% | — |
| LCATTLE | 2024-09-23 | [US cattle futures finish higher, USDA data seen as neutral - CME
						 \| The Cattle Site](https://feedsoft.ai/events/28447-us-cattle-futures-finish-higher-usda-data-seen-as-neutral-cme-the-cattle-site.md) | +0.9% | +2.8% |
| LCATTLE | 2021-03-25 | [Hog futures higher ahead of bullish Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/5153-hog-futures-higher-ahead-of-bullish-hogs-and-pigs-report-brownfield-ag-news.md) | +1.4% | +3.0% |
| LCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +0.8% | +8.0% |
| LCATTLE | 2023-10-23 | [Ensuring High Cattle Prices Longer - Oklahoma Farm Report](https://feedsoft.ai/events/33789-ensuring-high-cattle-prices-longer-oklahoma-farm-report.md) | +0.4% | -3.5% |
| FCATTLE | 2026-10-23 | [Cattle Ticking Higher Ahead of USDA Report](https://feedsoft.ai/events/590-cattle-ticking-higher-ahead-of-usda-report.md) | +0.8% | — |
| FCATTLE | 2024-09-23 | [US cattle futures finish higher, USDA data seen as neutral - CME
						 \| The Cattle Site](https://feedsoft.ai/events/28447-us-cattle-futures-finish-higher-usda-data-seen-as-neutral-cme-the-cattle-site.md) | +0.9% | +1.4% |
| FCATTLE | 2021-03-25 | [Hog futures higher ahead of bullish Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/5153-hog-futures-higher-ahead-of-bullish-hogs-and-pigs-report-brownfield-ag-news.md) | +6.0% | -2.6% |

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/futures-firm-cash-prices-higher-as-usda-reports-offer-no-fireworks

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