# Bullish Cattle Report Does Not Indicate Herd Expansion | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's Cattle on Feed report showed 11.7 million head on feed on Nov. 2, down 2% year over year, and placements down 10%. Halted Mexican imports and packing plant closures are cited as factors in the tight feeder supply.

- Date: 2025-12-04 · published 2025-12-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/21454-bullish-cattle-report-does-not-indicate-herd-expansion-farm-bureau-intel
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Smaller feedlot inventories and lower placements point to tight fed and feeder supplies, which supports higher cattle prices into 2026.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2026-05-19 | [Meat Demand Sizzles as Memorial Day Nears \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/19203-meat-demand-sizzles-as-memorial-day-nears-farm-bureau-intel-markets-american.md) | -1.7% | -2.1% |
| 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% |
| FCATTLE | 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) | +1.0% | -3.8% |
| 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% |
| 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% |

## Sources

- fb.org: https://www.fb.org/intel/markets/bullish-cattle-report-does-not-indicate-herd-expansion

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