# W9: Weekly Beef Update

> USDA received court approval to proceed with aerial hunting of feral cattle in a New Mexico national forest. The weekly update also reports feeder cattle futures firm on lower corn, and that US beef cattle inventories are at their lowest since 1962.

- Date: 2023-03-10 · published 2023-03-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36996-w9-weekly-beef-update
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A historically low cattle inventory tightens supply and supports cattle prices. Lower corn costs also help feeder cattle demand, though the feral cattle hunt itself has little price impact.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-10-20 | [W41: Beef Update](https://feedsoft.ai/events/33563-w41-beef-update.md) | -0.2% | -3.8% |
| 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 | 2021-03-12 | [Weekly beef and dairy digest: cattle herds increase across the globe
						 \| The Cattle Site](https://feedsoft.ai/events/48054-weekly-beef-and-dairy-digest-cattle-herds-increase-across-the-globe-the-cattle.md) | +0.0% | +4.0% |
| FCATTLE | 2023-10-20 | [W41: Beef Update](https://feedsoft.ai/events/33563-w41-beef-update.md) | -1.2% | -5.8% |
| 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/w9-weekly-beef-update

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