Cattle on feed rise by 2% but fall short of analyst expectations

  • U.S. cattle inventories on feed increased by 2% compared to last year
  • Analysts expected a 2.2% increase, slightly higher than the actual increase
  • Cattle placements on feed were 4% lower than last year, less than expected
  • Fed cattle marketed were down 1% from last year, slightly more than expected
  • Cattle contract trading on the CME closed down 0.3% on Friday

The U.S. Department of Agriculture (USDA) reported that cattle inventories on feed in the U.S. increased by 2% compared to the previous year. However, this increase was slightly below the 2.2% increase that analysts had expected. Cattle placements on feed were 4% lower than last year, which was less of a decline than analysts had forecasted. Additionally, fed cattle marketed were down 1% from last year, slightly more than expected. As a result, the most-active cattle contract trading on the CME closed down 0.3% on Friday.

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Factuality Level: 8
Justification: The article provides factual information about U.S. cattle inventories, placements, and marketings, as reported by the USDA. The information is supported by data and includes analyst expectations for comparison. There are no digressions, irrelevant information, or bias present in the article.

Noise Level: 7
Justification: The article provides information on U.S. cattle inventories and market trends, but it lacks analysis or insights into long-term trends or antifragility. It also does not hold powerful people accountable or provide scientific rigor. The article stays on topic and provides some data, but it does not offer actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Cattle and livestock markets

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information on U.S. cattle inventories and market trends, which are relevant to the agricultural and livestock markets. However, there is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com