# Livestock Market Update for The Second Half of 2024 | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's National Agricultural Statistics Service skipped its July Cattle Inventory report for the first time since 2016 due to budget constraints. The article outlines the second-half 2024 outlook for cattle, hogs and poultry, noting the US cattle herd is the smallest since 1951 and HPAI continues to affect poultry.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28790-livestock-market-update-for-the-second-half-of-2024-farm-bureau-intel-markets
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

A shrinking cattle herd supports high beef prices and tighter feeder cattle supply, while hog profitability and poultry disease shape demand for corn and soymeal in animal feed.

## Read by commodity

- HOGS: neutral
- CHICKEN: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-02-02 | [Semiannual Cattle Inventory and Cattle Contract Library Set the Tone for the 2023 Marketing Year \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/10215-semiannual-cattle-inventory-and-cattle-contract-library-set-the-tone-for-the.md) | +1.7% | +4.8% |
| 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 | 2024-02-05 | [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 | 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 | 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% |
| FCATTLE | 2023-02-02 | [Semiannual Cattle Inventory and Cattle Contract Library Set the Tone for the 2023 Marketing Year \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/10215-semiannual-cattle-inventory-and-cattle-contract-library-set-the-tone-for-the.md) | +1.7% | +2.9% |
| 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 | 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/livestock-market-update-for-the-second-half-of-2024

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