# Dec. 1 Cattle on Feed Up 3%

> USDA's December 1 Cattle on Feed report showed 12.0 million head on feed, up 3% from a year earlier and the largest since April 2022. November placements were 1.87 million head, 2% below 2022, and marketings were 7% lower. Cattle on feed came in above analyst estimates.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32853-dec-1-cattle-on-feed-up-3
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher on-feed numbers with lower marketings add near-term bearish pressure on fed cattle prices and extend feedlot grain consumption. The placement decline points to tightening feeder supply later.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-12-22 | [Dec. 1 Cattle on Feed Increase More Than Expected, Up 3% From Last Year](https://feedsoft.ai/events/32834-dec-1-cattle-on-feed-increase-more-than-expected-up-3-from-last-year.md) | +0.7% | +2.7% |
| LCATTLE | 2023-10-24 | [USDA Cattle on Feed Report Hits Cattle Prices Hard](https://feedsoft.ai/events/10309-usda-cattle-on-feed-report-hits-cattle-prices-hard.md) | +1.1% | -3.0% |
| LCATTLE | 2020-10-28 | [Cattle on Feed Grows Again \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/50777-cattle-on-feed-grows-again-ohio-beef-cattle-letter.md) | +1.0% | +5.2% |
| LCATTLE | 2019-12-02 | [Understanding 'Placements' in the Cattle on Feed Report](https://feedsoft.ai/events/55713-understanding-placements-in-the-cattle-on-feed-report.md) | +0.5% | +3.9% |
| FCATTLE | 2022-03-28 | [March 1 Cattle on Feed Up 1%](https://feedsoft.ai/events/42437-march-1-cattle-on-feed-up-1.md) | +3.3% | +0.1% |
| FCATTLE | 2023-10-24 | [USDA Cattle on Feed Report Hits Cattle Prices Hard](https://feedsoft.ai/events/10309-usda-cattle-on-feed-report-hits-cattle-prices-hard.md) | +0.0% | -3.3% |
| FCATTLE | 2020-10-28 | [Cattle on Feed Grows Again \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/50777-cattle-on-feed-grows-again-ohio-beef-cattle-letter.md) | +1.4% | +3.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/12/22/dec-1-cattle-feed-3

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