# Is the bull market story in cattle over?

> Cattle futures have regained nearly all of their late-2023 losses in early 2024, supported by the smallest US cow herd since 1972 per the January Cattle Inventory report. Recent USDA Cattle on Feed data came in near expectations, with placements below estimates.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31324-is-the-bull-market-story-in-cattle-over
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight cattle supplies support prices, but the lack of a strong rally signal suggests limited upside near term. Weak placements point to reduced feed demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agriculture.com: https://www.agriculture.com/is-the-bull-market-story-in-cattle-over-8620795?did=12441385-20240327&hid=3c0545dd1a819ca74fc0f935afb4da17b0035420&lctg=3c0545dd1a819ca74fc0f935afb4da17b0035420

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