# Real feeder cattle prices lag | Ag Proud

> USDA-ERS economists report that steer and heifer slaughter ran slower than expected in November and early December, suggesting slower marketings. Fourth-quarter feeder placements are running above year-ago levels, supported by heifer retention and feeder demand. Feeder prices have hit nominal records this year but are lower when deflated to real terms.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32847-real-feeder-cattle-prices-lag-ag-proud
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Slower marketings and firm placements tighten near-term feeder supply, which supports feeder cattle prices and feed demand. Real-price weakness signals limited underlying strength in the feeder market.

## Read by commodity

- CORN: neutral
- FCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2019-02-22 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/60748-national-feeder-and-stocker-cattle-report-capital-press.md) | -0.2% | -0.3% |
| FCATTLE | 2020-05-01 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/53276-national-feeder-and-stocker-cattle-report-capital-press.md) | +9.3% | +13.6% |
| FCATTLE | 2022-08-27 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/40181-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.9% | -2.9% |
| FCATTLE | 2021-04-23 | [Higher cow slaughter and shift in fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/47537-higher-cow-slaughter-and-shift-in-fed-cattle-slaughter-ag-proud.md) | +1.7% | +2.6% |
| FCATTLE | 2016-08-24 | [Fall Feeder Cattle Market Prospects \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/9394-fall-feeder-cattle-market-prospects-ohio-beef-cattle-letter.md) | -2.7% | -6.9% |
| CORN | 2019-11-22 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/7039-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.6% | +2.0% |
| CORN | 2020-05-01 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/53276-national-feeder-and-stocker-cattle-report-capital-press.md) | +1.3% | +2.2% |
| CORN | 2019-11-01 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/56210-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.4% | +0.3% |

## Sources

- agproud.com: https://www.agproud.com/articles/58834-real-feeder-cattle-prices-lag

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