# Cattle prices holding; production contracting

> Rabobank says global beef production is beginning to shift downward while cattle prices move at different speeds across regions. North American markets are nearing record highs, and the US is increasing import volumes while Asian import demand stays flat. Rabobank is monitoring H5N1 in dairy cattle and foot-and-mouth disease risks, and Brazil has declared itself FMD-free without vaccination.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/29679-cattle-prices-holding-production-contracting
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Tightening North American beef supply and record prices support cattle values, while disease risks and Brazil's FMD status could reshape global beef trade flows and prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.6% | +0.3% |
| LCATTLE | 2020-06-15 | [Cattle prices to rise as production, exports fall: ABARES - Beef Central](https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central.md) | -4.3% | -5.9% |
| LCATTLE | 2023-12-04 | [Lower Beef Production Affecting 2024 Prices](https://feedsoft.ai/events/32624-lower-beef-production-affecting-2024-prices.md) | -1.8% | -0.5% |
| LCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +0.8% | +8.0% |
| LCATTLE | 2025-02-03 | [Continued Contraction Supports Record Prices - farmdoc daily](https://feedsoft.ai/events/25982-continued-contraction-supports-record-prices-farmdoc-daily.md) | -0.8% | -4.0% |
| FCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.8% | -1.4% |
| FCATTLE | 2023-12-04 | [Lower Beef Production Affecting 2024 Prices](https://feedsoft.ai/events/32624-lower-beef-production-affecting-2024-prices.md) | +0.4% | +5.1% |
| FCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +13.4% | +12.5% |

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/cattle-prices-holding-production-contracting

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