# Livestock markets to have several positives, according to WASDE - High Plains Journal

> The January WASDE raised the 2024 beef production forecast on expected first-half slaughter and higher dressed weights, and lowered 2023 beef exports on weaker Asian sales. Steer price projections were held at $175 per hundredweight, with upside to $183 in the fourth quarter.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32075-livestock-markets-to-have-several-positives-according-to-wasde-high-plains
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher beef output forecasts add slaughter-driven supply pressure, but steer prices held steady signal firm cattle values; lower Asian export demand is a modest bearish factor for beef and cattle.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-03-20 | [Latest WASDE report raises red meat, poultry production - High Plains Journal](https://feedsoft.ai/events/31165-latest-wasde-report-raises-red-meat-poultry-production-high-plains-journal.md) | -0.8% | -2.9% |
| LCATTLE | 2018-03-26 | [Do we have a placement prediction problem? \| Western Livestock Journal](https://feedsoft.ai/events/66162-do-we-have-a-placement-prediction-problem-western-livestock-journal.md) | -4.3% | -0.1% |
| LCATTLE | 2024-06-18 | [Livestock, Dairy, and Poultry Outlook highlights market trends \| Feed & Grain](https://feedsoft.ai/events/29904-livestock-dairy-and-poultry-outlook-highlights-market-trends-feed-and-grain.md) | +1.2% | -0.3% |
| LCATTLE | 2021-12-06 | [Livestock and cropping to produce record ag result - Sheep Central](https://feedsoft.ai/events/43533-livestock-and-cropping-to-produce-record-ag-result-sheep-central.md) | +0.5% | +1.0% |
| LCATTLE | 2020-10-02 | [Cattle on Feed report pushes feeders south \| Western Livestock Journal](https://feedsoft.ai/events/50773-cattle-on-feed-report-pushes-feeders-south-western-livestock-journal.md) | +1.5% | -1.0% |
| FCATTLE | 2018-03-26 | [Do we have a placement prediction problem? \| Western Livestock Journal](https://feedsoft.ai/events/66162-do-we-have-a-placement-prediction-problem-western-livestock-journal.md) | -2.8% | +2.5% |
| FCATTLE | 2024-09-22 | [Cattle supply remains tight; market rallies \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/28432-cattle-supply-remains-tight-market-rallies-livestock-farmweeknow-com.md) | +0.9% | +1.4% |
| FCATTLE | 2019-11-04 | [October Cattle on Feed hits expectations \| Western Livestock Journal](https://feedsoft.ai/events/56209-october-cattle-on-feed-hits-expectations-western-livestock-journal.md) | -1.4% | -4.7% |

## Sources

- hpj.com: https://hpj.com/2024/01/19/livestock-markets-to-have-several-positives-according-to-wasde/

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