
Cattle futures opened higher on Monday after the USDA Cattle on Feed report showed placements 11% below last year, a record low for July. Feedlot inventories on feed for 150 days or longer were near record, and the broader market remained mixed as Trump's beef import plan weighed on recovery.
Light placements signal tighter future supplies and are bullish, but the import plan offsets this support and limits cattle price recovery.
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.
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.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.