# Dec. 1 Cattle on Feed Increase More Than Expected, Up 3% From Last Year

> USDA's Dec. 1 Cattle on Feed report showed 12.0 million head on feed, 3% above a year earlier and above estimates. November placements were 1.87 million head, 2% below 2022, and marketings fell 7%.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32834-dec-1-cattle-on-feed-increase-more-than-expected-up-3-from-last-year
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Larger-than-expected feedlot inventories signal higher near-term supply of fed cattle and continued feed demand, which is typically bearish for fed cattle prices.

## Read by commodity

- CORN: bullish ▲
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-12-22 | [Dec. 1 Cattle on Feed Up 3%](https://feedsoft.ai/events/32853-dec-1-cattle-on-feed-up-3.md) | +0.7% | +2.7% |
| LCATTLE | 2022-03-28 | [March 1 Cattle on Feed Up 1%](https://feedsoft.ai/events/42437-march-1-cattle-on-feed-up-1.md) | -0.7% | +0.9% |
| LCATTLE | 2019-12-25 | [Cattle on Feed Report Reveals 2% More Cattle on Feed than 2018 - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/55710-cattle-on-feed-report-reveals-2-more-cattle-on-feed-than-2018-ag-information.md) | +2.1% | +2.3% |
| LCATTLE | 2022-04-11 | [Expect Short-Term Price Pressure on Feeder Cattle, Calves as More Head Push Into Feedlots](https://feedsoft.ai/events/41985-expect-short-term-price-pressure-on-feeder-cattle-calves-as-more-head-push-into.md) | +1.6% | -0.1% |
| LCATTLE | 2024-03-27 | [Fed cattle supplies remain larger than a year ago \| Ag Proud](https://feedsoft.ai/events/31322-fed-cattle-supplies-remain-larger-than-a-year-ago-ag-proud.md) | -0.9% | -2.1% |
| CORN | 2023-12-22 | [Dec. 1 Cattle on Feed Up 3%](https://feedsoft.ai/events/32853-dec-1-cattle-on-feed-up-3.md) | +2.4% | -1.8% |
| CORN | 2021-10-14 | [2021 U.S. Farm Income Expected To Increase - MinnStar Bank](https://feedsoft.ai/events/44526-2021-u-s-farm-income-expected-to-increase-minnstar-bank.md) | +3.2% | +13.8% |
| CORN | 2025-07-11 | [USDA Lowers New-Crop Corn Ending Stocks More Than Expected in Latest WASDE.](https://feedsoft.ai/events/23706-usda-lowers-new-crop-corn-ending-stocks-more-than-expected-in-latest-wasde.md) | -0.7% | -1.5% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/livestock/article/2023/12/22/dec-1-cattle-feed-increase-expected

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