# Ensuring High Cattle Prices Longer - Oklahoma Farm Report

> USDA's October Cattle on Feed report showed feedlot inventories on Oct. 1 at 11.58 million head, up 0.6% year over year, after September placements rose 6.1% and marketings fell 10.6%. Most of the placement increase was in heavier cattle set to be marketed in early 2024.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33789-ensuring-high-cattle-prices-longer-oklahoma-farm-report
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Feeder supplies are still shrinking overall, and the heavier placements will be marketed in Q1 2024, so supplies should stay tight and support cattle prices into 2024.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-10-22 | 1 | -1.6% | -5.1 | Details the On Feed data (placements up 6.1%, marketings down 10.6%, heavier cattle) that raised near-term supply expectations and pressured prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2025-04-24 | [Fischer: Prices For Cattle Remain High](https://feedsoft.ai/events/25264-fischer-prices-for-cattle-remain-high.md) | +1.8% | +3.8% |
| LCATTLE | 2025-09-21 | [Dr. Derrell Peel: September Cattle on Feed Shows Ongoing Tightening of Feedlot Numbers - Oklahoma Farm Report](https://feedsoft.ai/events/23017-dr-derrell-peel-september-cattle-on-feed-shows-ongoing-tightening-of-feedlot.md) | -0.8% | +0.3% |
| LCATTLE | 2021-10-30 | [Hog, Pork Prices Losing Ground - Mid-West Farm Report](https://feedsoft.ai/events/44725-hog-pork-prices-losing-ground-mid-west-farm-report.md) | +2.5% | +9.3% |
| LCATTLE | 2023-04-24 | [Derrell Peel Sees Uptrend in Cattle Markets Offsetting Seasonality - Oklahoma Farm Report](https://feedsoft.ai/events/6727-derrell-peel-sees-uptrend-in-cattle-markets-offsetting-seasonality-oklahoma.md) | -0.2% | -4.1% |
| LCATTLE | 2026-10-23 | [Cattle Ticking Higher Ahead of USDA Report](https://feedsoft.ai/events/590-cattle-ticking-higher-ahead-of-usda-report.md) | +0.1% | — |
| FCATTLE | 2025-04-24 | [Fischer: Prices For Cattle Remain High](https://feedsoft.ai/events/25264-fischer-prices-for-cattle-remain-high.md) | +1.5% | +2.8% |
| FCATTLE | 2025-09-21 | [Dr. Derrell Peel: September Cattle on Feed Shows Ongoing Tightening of Feedlot Numbers - Oklahoma Farm Report](https://feedsoft.ai/events/23017-dr-derrell-peel-september-cattle-on-feed-shows-ongoing-tightening-of-feedlot.md) | -0.6% | +3.6% |
| FCATTLE | 2021-10-30 | [Hog, Pork Prices Losing Ground - Mid-West Farm Report](https://feedsoft.ai/events/44725-hog-pork-prices-losing-ground-mid-west-farm-report.md) | +1.5% | +5.8% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2023/10/23/ensuring-high-cattle-prices-longer/

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