# USDA's outlook for 2023 - Morning Ag Clips

> USDA's Ag Outlook Forum projections for 2023 show the cattle herd shrinking for several years, with about 4.5 million head lost over the past two years, mostly in 2022. Drought in the western US forced heifers into feedlots and sped slaughter.

- Date: 2023-03-13 · published 2023-03-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36799-usda-s-outlook-for-2023-morning-ag-clips
- 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

A smaller herd reduces cattle and beef supply, supporting higher cattle prices and lowering feedlot placements that drive feed grain demand.

## Read by commodity

- CORN: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-02-01 | [USDA Beef/Cattle Outlook: February 2022 Cattle Range](https://feedsoft.ai/events/42657-usda-beef-cattle-outlook-february-2022-cattle-range.md) | +1.8% | +2.6% |
| LCATTLE | 2025-02-28 | [USDA Ag Outlook Forum: Chief economist Seth Meyer’s shares 2025 expectations for beef, swine, egg, dairy
						 \| The Beef Site](https://feedsoft.ai/events/26183-usda-ag-outlook-forum-chief-economist-seth-meyer-s-shares-2025-expectations-for.md) | -1.3% | +5.8% |
| LCATTLE | 2024-02-23 | [USDA Ag Outlook: Livestock analysts provides 2024 livestock and poultry outlook during 100th annual forum – Wyoming Livestock Roundup](https://feedsoft.ai/events/31623-usda-ag-outlook-livestock-analysts-provides-2024-livestock-and-poultry-outlook.md) | +0.9% | +3.3% |
| LCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -1.4% | -2.8% |
| LCATTLE | 2017-04-25 | [FEEDSTUFFS MEAT PRICE OUTLOOK: April 25, 2017](https://feedsoft.ai/events/5397-feedstuffs-meat-price-outlook-april-25-2017.md) | -0.2% | -1.0% |
| FCATTLE | 2022-02-01 | [USDA Beef/Cattle Outlook: February 2022 Cattle Range](https://feedsoft.ai/events/42657-usda-beef-cattle-outlook-february-2022-cattle-range.md) | +1.2% | -4.1% |
| FCATTLE | 2025-02-28 | [USDA Ag Outlook Forum: Chief economist Seth Meyer’s shares 2025 expectations for beef, swine, egg, dairy
						 \| The Beef Site](https://feedsoft.ai/events/26183-usda-ag-outlook-forum-chief-economist-seth-meyer-s-shares-2025-expectations-for.md) | -0.9% | +4.1% |
| FCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -0.2% | -1.5% |

## Sources

- morningagclips.com: https://www.morningagclips.com/usdas-outlook-for-2023/

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