# Improving pasture conditions bolster feeder calf demand | Ag Proud

> USDA ERS economists report that about 22% of the US was in drought as of June 6, though 40% of the beef herd remained under drought conditions. Pastures improved in the Great Plains but declined in the Midwest. Feeder calf demand is well supported by improving pastures and lower expected feed costs.

- Date: 2023-06-19 · published 2023-06-19T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/35627-improving-pasture-conditions-bolster-feeder-calf-demand-ag-proud
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Better pasture and cheaper feed support feeder calf demand and prices, while Midwest pasture declines could limit that support.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2024-03-25 | [Terrain \| Delayed Marketings Bolster Cattle Feeders’ Bargaining Position](https://feedsoft.ai/events/31321-terrain-delayed-marketings-bolster-cattle-feeders-bargaining-position.md) | -3.8% | -2.8% |
| FCATTLE | 2023-05-29 | [Feeder Cattle Prices Supported by Tight Supplies and Excellent Demand](https://feedsoft.ai/events/5225-feeder-cattle-prices-supported-by-tight-supplies-and-excellent-demand.md) | +3.7% | +2.0% |
| FCATTLE | 2023-03-27 | [Spring Moisture Drives Feeder Cattle Contracts Higher](https://feedsoft.ai/events/5596-spring-moisture-drives-feeder-cattle-contracts-higher.md) | +5.9% | +6.8% |
| FCATTLE | 2022-08-01 | [Maximizing Profits Under Drought Conditions, Higher Input Costs, and National Herd Liquidation \| UNL Beef \| Nebraska](https://feedsoft.ai/events/39970-maximizing-profits-under-drought-conditions-higher-input-costs-and-national.md) | +0.5% | +2.0% |
| FCATTLE | 2022-06-24 | [Drought conditions pull cattle forward in 2022; limited cattle supplies draw down 2023 production - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/41082-drought-conditions-pull-cattle-forward-in-2022-limited-cattle-supplies-draw.md) | -0.7% | +3.8% |
| CORN | 2025-07-31 | [Corn and Soybean Drought Conditions improve - Pro Farmer](https://feedsoft.ai/events/13070-corn-and-soybean-drought-conditions-improve-pro-farmer.md) | -2.0% | -1.7% |
| CORN | 2024-04-05 | [Drought Conditions Improving in Much of Midwest \| Red River Farm Network](https://feedsoft.ai/events/13192-drought-conditions-improving-in-much-of-midwest-red-river-farm-network.md) | -2.2% | -0.4% |
| CORN | 2024-03-25 | [Terrain \| Delayed Marketings Bolster Cattle Feeders’ Bargaining Position](https://feedsoft.ai/events/31321-terrain-delayed-marketings-bolster-cattle-feeders-bargaining-position.md) | -4.9% | -6.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/57808-improving-pasture-conditions-bolster-feeder-calf-demand

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