# Rabobank Report: Beef and cattle demand begins the year historically strong, supply pressures remain prevalent - Beef Web

> Rabobank reports that US beef and cattle demand started 2024 at historically strong levels, with the March boxed beef cutout averaging $309/cwt and fed steer prices near $187/cwt. Beef imports rose 32% year to date while exports fell, and feedyards are adding weight and days on feed as cost of gain declines.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30680-rabobank-report-beef-and-cattle-demand-begins-the-year-historically-strong
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong beef demand and a widening trade deficit point to tight US cattle supplies and firm cattle prices. Heavier cattle and more days on feed could ease near-term tightness later.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-06-01 | [Cattle Supply and Demand Issues for the 2022 Marketing Year](https://feedsoft.ai/events/41547-cattle-supply-and-demand-issues-for-the-2022-marketing-year.md) | +0.9% | +4.2% |
| LCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -1.4% | -2.8% |
| LCATTLE | 2022-05-25 | [Cattle Supply and Demand Issues for the 2022 Marketing Year - Northern Ag Network](https://feedsoft.ai/events/5073-cattle-supply-and-demand-issues-for-the-2022-marketing-year-northern-ag-network.md) | -1.3% | +3.1% |
| LCATTLE | 2026-05-29 | [Why the U.S. cattle herd is at a 75-year low — and what it means for beef prices : NPR](https://feedsoft.ai/events/19389-why-the-u-s-cattle-herd-is-at-a-75-year-low-and-what-it-means-for-beef-prices.md) | -0.8% | +1.4% |
| LCATTLE | 2023-02-06 | [Cattle Futures Rally on Inventory Report, Hogs Find Possible Support](https://feedsoft.ai/events/10212-cattle-futures-rally-on-inventory-report-hogs-find-possible-support.md) | +1.2% | +4.3% |
| FCATTLE | 2022-06-01 | [Cattle Supply and Demand Issues for the 2022 Marketing Year](https://feedsoft.ai/events/41547-cattle-supply-and-demand-issues-for-the-2022-marketing-year.md) | +4.4% | +3.4% |
| FCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -0.2% | -1.5% |
| FCATTLE | 2022-05-25 | [Cattle Supply and Demand Issues for the 2022 Marketing Year - Northern Ag Network](https://feedsoft.ai/events/5073-cattle-supply-and-demand-issues-for-the-2022-marketing-year-northern-ag-network.md) | +9.9% | +13.2% |

## Sources

- beefweb.com: https://beefweb.com/rabobank-report-beef-and-cattle-demand-begins-the-year-historically-strong-supply-pressures-remain-prevalent/

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