# Beef market update: Effects of the contracting herd in the US are felt globally | AHDB

> USDA's quarterly outlook projects 2024 global beef output at 60.7 million tonnes, 1.3% above 2023. US production is falling, with imports forecast at a record high, up 11.2% year-on-year.

- Date: 2024-08-02 · published 2024-08-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28718-beef-market-update-effects-of-the-contracting-herd-in-the-us-are-felt-globally
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A shrinking US herd and record imports keep US beef and feeder cattle prices firm, with trade flows shifting globally.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-10-29 | [Fed Market Reflects Beginning Signs of Cow Herd Expansion](https://feedsoft.ai/events/28013-fed-market-reflects-beginning-signs-of-cow-herd-expansion.md) | -1.4% | -1.9% |
| LCATTLE | 2023-01-04 | [Cattle Markets in 2023 and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/37918-cattle-markets-in-2023-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | +0.3% | -0.2% |
| LCATTLE | 2026-02-25 | [Cattle Market Pushes Higher and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/20740-cattle-market-pushes-higher-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | -3.1% | -4.4% |
| 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 | 2023-02-03 | [The US Cowherd Now Has the Fewest Beef Cows Ever](https://feedsoft.ai/events/10214-the-us-cowherd-now-has-the-fewest-beef-cows-ever.md) | +1.3% | +4.1% |
| FCATTLE | 2024-10-29 | [Fed Market Reflects Beginning Signs of Cow Herd Expansion](https://feedsoft.ai/events/28013-fed-market-reflects-beginning-signs-of-cow-herd-expansion.md) | -1.5% | +2.2% |
| FCATTLE | 2023-01-04 | [Cattle Markets in 2023 and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/37918-cattle-markets-in-2023-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | +0.9% | +0.3% |
| FCATTLE | 2026-02-25 | [Cattle Market Pushes Higher and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/20740-cattle-market-pushes-higher-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | -2.2% | -1.3% |

## Sources

- mainsitelive.azurewebsites.net: https://mainsitelive.azurewebsites.net/news/beef-market-update-effects-of-the-contracting-herd-in-the-us-are-felt-globally

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