# Semiannual Cattle Inventory and Cattle Contract Library Set the Tone for the 2023 Marketing Year | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's January semiannual cattle inventory showed 89.3 million head on Jan. 1, 2023, 3% lower than a year earlier, following herd liquidation driven by high costs and three years of drought. The cattle contract library pilot website launched the same day.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10215-semiannual-cattle-inventory-and-cattle-contract-library-set-the-tone-for-the
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower inventories and heavy heifer marketings point to tighter beef supplies in 2023, supporting cattle prices and feeder values.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-02-04 | [January Cattle Inventory and Cattle on Feed Reports \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/48571-january-cattle-inventory-and-cattle-on-feed-reports-farm-bureau-intel-markets.md) | +0.8% | +2.4% |
| LCATTLE | 2024-02-05 | [U.S. Cattle Inventory Smallest in 73 years \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31619-u-s-cattle-inventory-smallest-in-73-years-farm-bureau-intel-markets-american.md) | +1.8% | +4.3% |
| LCATTLE | 2024-08-01 | [Livestock Market Update for The Second Half of 2024 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/28790-livestock-market-update-for-the-second-half-of-2024-farm-bureau-intel-markets.md) | -1.5% | -3.4% |
| LCATTLE | 2026-02-10 | [Smaller Cattle Herd Creates Market Volatility \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/20724-smaller-cattle-herd-creates-market-volatility-farm-bureau-intel-markets.md) | +1.7% | -2.2% |
| LCATTLE | 2024-10-30 | [Farm Bureau: Low Inventory Leads to Uncertainty in Cattle Markets \| American Ag Network](https://feedsoft.ai/events/8085-farm-bureau-low-inventory-leads-to-uncertainty-in-cattle-markets-american-ag.md) | -1.3% | -1.6% |
| FCATTLE | 2024-02-05 | [U.S. Cattle Inventory Smallest in 73 years \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31619-u-s-cattle-inventory-smallest-in-73-years-farm-bureau-intel-markets-american.md) | +1.0% | +2.8% |
| FCATTLE | 2024-08-01 | [Livestock Market Update for The Second Half of 2024 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/28790-livestock-market-update-for-the-second-half-of-2024-farm-bureau-intel-markets.md) | -5.7% | -5.3% |
| FCATTLE | 2017-11-20 | [Cattle on Feed Continues Strong Placements \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/68133-cattle-on-feed-continues-strong-placements-farm-bureau-intel-markets-american.md) | +1.8% | -2.7% |

## Sources

- fb.org: https://www.fb.org/intel/markets/semiannual-cattle-inventory-and-cattle-contract-library-set-the-tone-for-the-2023-marketing-year

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