# CattleFax: Tighter cattle supplies heading into 2024 | Ag Proud

> At the CattleFax Industry Outlook Seminar, Kevin Good said the US cow herd fell 2% in 2023 to 28.2 million head and slaughter is expected to drop by at least 700,000 head in 2024. Heifers on feed near 40% of cattle on feed, and beef-on-dairy crosses are becoming a larger share of feedlot supply.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31625-cattlefax-tighter-cattle-supplies-heading-into-2024-ag-proud
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight fed cattle supplies are expected to shift the market later in 2024, supporting fed and feeder cattle prices. Rising beef-on-dairy feeder supply is a partial offset over time.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agproud.com: https://www.agproud.com/articles/59201-cattlefax-tighter-cattle-supplies-heading-into-2024

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