# November 'WASDE' Report: Steady Cattle Prices Forecast; Corn Prices Lowered | Cattle Range News

> The November WASDE lowered the 2023 forecasts for beef, pork, broiler and turkey production. It raised the 2024 beef production forecast on higher expected cattle placements and cow slaughter, and it lowered 2023 corn prices.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33328-november-wasde-report-steady-cattle-prices-forecast-corn-prices-lowered-cattle
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher 2024 beef output points to softer cattle prices in the coming year, while the lower corn price forecast reflects a larger crop and cheaper feed grain for feeders.

## Read by commodity

- CORN: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-09-30 | [Prices Steady On Wisconsin Livestock - Mid-West Farm Report](https://feedsoft.ai/events/39732-prices-steady-on-wisconsin-livestock-mid-west-farm-report.md) | +0.4% | +4.3% |
| LCATTLE | 2017-01-01 | [USDA beefs up fed cattle price reporting](https://feedsoft.ai/events/73130-usda-beefs-up-fed-cattle-price-reporting.md) | -0.8% | +2.6% |
| LCATTLE | 2020-07-30 | [Cattle futures look for price direction](https://feedsoft.ai/events/52236-cattle-futures-look-for-price-direction.md) | +1.1% | +6.0% |
| LCATTLE | 2023-11-20 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/7972-national-feeder-and-stocker-cattle-report-capital-press.md) | -2.9% | -5.1% |
| 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% |
| CORN | 2019-11-17 | [November WASDE report shows bearish for corn; neutral for soybeans - Messenger News](https://feedsoft.ai/events/56022-november-wasde-report-shows-bearish-for-corn-neutral-for-soybeans-messenger-news.md) | +0.0% | +2.0% |
| CORN | 2025-12-01 | [WASDE report signals continued low wheat, corn prices](https://feedsoft.ai/events/21971-wasde-report-signals-continued-low-wheat-corn-prices.md) | +0.3% | +0.3% |
| CORN | 2025-12-01 | [November WASDE shows mixed crop prices](https://feedsoft.ai/events/21541-november-wasde-shows-mixed-crop-prices.md) | +0.3% | +0.3% |

## Sources

- cattlerange.com: https://www.cattlerange.com/articles/2023/11/november-wasde-report-steady-cattle-prices-forecast-corn-prices-lowered

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