# Cattle Futures Rally on Inventory Report, Hogs Find Possible Support

> April live cattle closed at $164.12 on Feb. 3, 2023, the highest weekly spot close since 2014. USDA reported U.S. cattle inventory at 89.3 million head, the lowest since 2015, with beef cows at a record low of 28.9 million after drought-driven herd liquidation.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/10212-cattle-futures-rally-on-inventory-report-hogs-find-possible-support
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record-low beef cow numbers point to reduced calf and beef supply ahead, supporting cattle prices while raising feed and hay costs for producers.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-02-06 | 1 | +1.1% | 3.4 | The USDA inventory report showed the smallest herd since 2015 and record-low beef cows, a bullish supply shock that fed the rally dated Feb 6. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-10-27 | [Cattle futures rally on bullish Cattle on Feed report](https://feedsoft.ai/events/571-cattle-futures-rally-on-bullish-cattle-on-feed-report.md) | -3.0% | — |
| LCATTLE | 2026-01-30 | [U.S. Cattle Inventory at 75 Year Low \| Paradigm Futures](https://feedsoft.ai/events/21190-u-s-cattle-inventory-at-75-year-low-paradigm-futures.md) | +1.0% | +4.8% |
| LCATTLE | 2026-10-11 | [Cattle futures rally on bullish WASDE corn surprise](https://feedsoft.ai/events/17198-cattle-futures-rally-on-bullish-wasde-corn-surprise.md) | +0.6% | — |
| LCATTLE | 2025-02-05 | [Cattle Inventory Report \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/25984-cattle-inventory-report-industry-news-feedlotmagazine-com.md) | -1.1% | -4.6% |
| LCATTLE | 2026-02-02 | [How Bullish is the Cattle Inventory Report for the Cattle Market? - AgWeb](https://feedsoft.ai/events/20729-how-bullish-is-the-cattle-inventory-report-for-the-cattle-market-agweb.md) | +1.4% | +4.3% |
| FCATTLE | 2026-10-27 | [Cattle futures rally on bullish Cattle on Feed report](https://feedsoft.ai/events/571-cattle-futures-rally-on-bullish-cattle-on-feed-report.md) | -4.1% | — |
| FCATTLE | 2026-01-30 | [U.S. Cattle Inventory at 75 Year Low \| Paradigm Futures](https://feedsoft.ai/events/21190-u-s-cattle-inventory-at-75-year-low-paradigm-futures.md) | -1.4% | -3.7% |
| FCATTLE | 2026-10-11 | [Cattle futures rally on bullish WASDE corn surprise](https://feedsoft.ai/events/17198-cattle-futures-rally-on-bullish-wasde-corn-surprise.md) | -0.1% | — |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2023/02/06/cattle-futures-rally-inventory-hogs

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