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Cattle futures closed lower ahead of the USDA Cattle on Feed report, with analysts expecting higher placements from drought-driven feeder movement. A union-related lockout at the Cargill plant in Fort Morgan, Colorado, added pressure.
Cash trade was about 30,000 head Thursday, with live steers at $258-261.
A packing plant lockout reduces slaughter capacity and slows fed cattle marketings, which weighs on cash and futures prices. Higher expected placements also add to feedlot supplies, adding bearish pressure on feeder cattle.
wlj.netCharles Wallace2026年5月22日在过去 29 次看跌的物流事件之后，活牛 在 5 个交易日内中位数变动 -0.3%（38% 上涨；中间一半区间为 -2.0% 至 +0.5%），20 个交易日内为 -3.7%。
在过去 20 次看跌的物流事件之后，架子牛 在 5 个交易日内中位数变动 +1.3%（60% 上涨；中间一半区间为 -0.7% 至 +2.0%），20 个交易日内为 +2.1%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Futures fell on expected higher placements from drought-driven feeder movement and the Cargill Fort Morgan lockout, which threatens processing demand and weighs on feeder values.
