# Record High Cattle Prices Supported by Declining Supplies and Good Demand

> U.S. beef cow numbers fell to 28.22 million head on January 1, 2024, extending five years of herd liquidation. USDA projects beef production to decline further in 2024 and 2025, and beef demand has held up better than expected.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28935-record-high-cattle-prices-supported-by-declining-supplies-and-good-demand
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A shrinking cow herd and falling beef output keep cattle supplies tight and support high prices. Tight cattle supplies can slow feedlot placements and reduce feed demand over time.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- angus.org: https://www.angus.org/angus-media/angus-journal/2024/08/record-high-cattle-prices-supported-by-declining-supplies-and-good-demand

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