# Commodities Overview Dec 2023 Edition - ADM Investor Services

> The ADM monthly overview reports that USDA cut 2023-24 US corn ending stocks by 25 million bushels to 2.131 billion, and left Brazil and Argentina crop estimates unchanged. Live cattle futures fell from September highs to $169.10 by end of November amid weak beef demand and rising Brazilian and Australian supply. Lean hog slaughter rose through 2023, pressuring hog prices.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/11285-commodities-overview-dec-2023-edition-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The USDA corn stock cut reflects strong exports, a modestly supportive balance. Weak cattle and hog prices reflect demand softness and higher slaughter, which can reduce feeder and feed demand.

## Read by commodity

- CORN: bullish ▲
- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-25 | [Commodities Overview Oct 2022 Edition - ADM Investor Services](https://feedsoft.ai/events/8069-commodities-overview-oct-2022-edition-adm-investor-services.md) | -1.4% | -2.7% |
| CORN | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -0.5% | +3.3% |
| CORN | 2024-05-20 | [Commodities Overview May 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30216-commodities-overview-may-2024-edition-adm-investor-services.md) | +1.9% | +5.4% |
| CORN | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -3.3% | -5.7% |
| CORN | 2026-07-17 | [Commodities Overview \| July 2026 Edition - ADM Investor Services](https://feedsoft.ai/events/18277-commodities-overview-july-2026-edition-adm-investor-services.md) | +4.3% | +0.2% |
| LCATTLE | 2024-01-16 | [USDA Raises Meat Production Estimates - Zia Commodities, LLC](https://feedsoft.ai/events/32245-usda-raises-meat-production-estimates-zia-commodities-llc.md) | +0.8% | +6.0% |
| LCATTLE | 2016-09-02 | [Commodities: Gasoline drops for Labor Day](https://feedsoft.ai/events/8590-commodities-gasoline-drops-for-labor-day.md) | -1.8% | -6.1% |
| LCATTLE | 2022-09-01 | [Beef and veal \| Agricultural Commodities](https://feedsoft.ai/events/39529-beef-and-veal-agricultural-commodities.md) | +0.3% | +0.6% |

## Sources

- admis.com: https://www.admis.com/commodities-overview-dec-2023-edition/

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