# Cattle-on-Feed Report Shows Tighter Supply Ahead - RFD

> USDA's January Cattle on Feed report showed on-feed inventory at 11.5 million head on January 1, down 3% year over year and above trade expectations. December placements were 1.55 million head and marketings were 1.77 million head, both above trade estimates.

- Date: 2026-01-23 · published 2026-01-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/21189-cattle-on-feed-report-shows-tighter-supply-ahead-rfd
- 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

Tight feeder supplies and a shrinking on-feed inventory support cattle prices and reduce demand for feed grains from feedlots over the coming months.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-11-20 | [Live Cattle Take on Another On-Feed Report](https://feedsoft.ai/events/7973-live-cattle-take-on-another-on-feed-report.md) | -2.9% | -5.1% |
| LCATTLE | 2026-10-23 | [Cattle Ticking Higher Ahead of USDA Report](https://feedsoft.ai/events/590-cattle-ticking-higher-ahead-of-usda-report.md) | +0.1% | — |
| LCATTLE | 2025-08-26 | [Review of the August Cattle on Feed Report - Southeast AgNET](https://feedsoft.ai/events/23480-review-of-the-august-cattle-on-feed-report-southeast-agnet.md) | +0.2% | -2.0% |
| LCATTLE | 2021-01-22 | [CME update: live cattle futures surge ahead of USDA Cattle on Feed report
						 \| The Beef Site](https://feedsoft.ai/events/49286-cme-update-live-cattle-futures-surge-ahead-of-usda-cattle-on-feed-report-the.md) | +0.7% | +2.4% |
| LCATTLE | 2026-07-26 | [Feeder cattle futures stabilise ahead of feedlot report - CME
						 \| The Cattle Site](https://feedsoft.ai/events/18484-feeder-cattle-futures-stabilise-ahead-of-feedlot-report-cme-the-cattle-site.md) | -0.6% | -2.9% |
| FCATTLE | 2023-11-20 | [Live Cattle Take on Another On-Feed Report](https://feedsoft.ai/events/7973-live-cattle-take-on-another-on-feed-report.md) | -6.9% | -2.3% |
| FCATTLE | 2026-10-23 | [Cattle Ticking Higher Ahead of USDA Report](https://feedsoft.ai/events/590-cattle-ticking-higher-ahead-of-usda-report.md) | +0.8% | — |
| FCATTLE | 2025-08-26 | [Review of the August Cattle on Feed Report - Southeast AgNET](https://feedsoft.ai/events/23480-review-of-the-august-cattle-on-feed-report-southeast-agnet.md) | +0.9% | +1.1% |

## Sources

- rfdtv.com: https://www.rfdtv.com/cattle-on-feed-report-shows-tighter-supply-ahead

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