# W41: Beef Update

> USDA-based outlook shows US beef production falling by over 600 thousand tons in 2023 on lower feedlot slaughter, with steer prices up 28% year on year. Beef imports rose 3%, while exports fell 93 thousand tons, and Mexico and Brazil trade has weakened.

- Date: 2023-10-20 · published 2023-10-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33563-w41-beef-update
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Shrinking US beef output and strong steer prices support cattle values and keep demand for imported beef from Oceania high, shaping feeder and fed cattle pricing.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-03-10 | [W9: Weekly Beef Update](https://feedsoft.ai/events/36996-w9-weekly-beef-update.md) | -0.6% | +3.0% |
| LCATTLE | 2019-08-21 | [Kentucky Beef Cattle Market Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/57532-kentucky-beef-cattle-market-update-ohio-beef-cattle-letter.md) | +1.6% | -4.3% |
| LCATTLE | 2023-01-04 | [Cattle Markets in 2023 and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/37918-cattle-markets-in-2023-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | +0.3% | -0.2% |
| LCATTLE | 2026-02-25 | [Cattle Market Pushes Higher and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/20740-cattle-market-pushes-higher-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | -3.1% | -4.4% |
| LCATTLE | 2020-06-18 | [CME update: cattle futures mixed as traders await USDA report
						 \| The Beef Site](https://feedsoft.ai/events/52752-cme-update-cattle-futures-mixed-as-traders-await-usda-report-the-beef-site.md) | -3.4% | -0.8% |
| FCATTLE | 2023-03-10 | [W9: Weekly Beef Update](https://feedsoft.ai/events/36996-w9-weekly-beef-update.md) | -1.9% | +3.9% |
| FCATTLE | 2019-08-21 | [Kentucky Beef Cattle Market Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/57532-kentucky-beef-cattle-market-update-ohio-beef-cattle-letter.md) | +1.7% | +2.6% |
| FCATTLE | 2023-01-04 | [Cattle Markets in 2023 and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/37918-cattle-markets-in-2023-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | +0.9% | +0.3% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w41-beef-update

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