# DTN Cattle Close/Trends                03/17 15:40

> The USDA afternoon cattle report from March 17 shows Kansas and Nebraska cash fed steers trading at $164 live and $264 dressed, about $1 lower than the prior week. The March 1 Cattle on Feed report showed 11.6 million head on feed, down 4% from a year earlier, and February placements were 7% below last year.

- Date: 2023-03-17 · published 2023-03-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37004-dtn-cattle-close-trends-03-17-15-40
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower on-feed numbers and reduced placements signal tighter fed cattle supplies, which support cattle prices even as cash trade eased slightly this week.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-12-04 | [Gates close on cattle entering feedlots](https://feedsoft.ai/events/61711-gates-close-on-cattle-entering-feedlots.md) | +1.1% | +5.0% |
| LCATTLE | 2024-01-01 | [Jan. 1 Cattle Inventory Down 2%](https://feedsoft.ai/events/31617-jan-1-cattle-inventory-down-2.md) | -0.4% | +2.3% |
| LCATTLE | 2022-01-31 | [Jan. 1 Cattle Inventory Down 2%](https://feedsoft.ai/events/43084-jan-1-cattle-inventory-down-2.md) | +1.0% | +2.0% |
| LCATTLE | 2022-02-03 | [The Cattle Price Explosion Is Now!](https://feedsoft.ai/events/42827-the-cattle-price-explosion-is-now.md) | +1.7% | +1.9% |
| LCATTLE | 2026-02-02 | [Cattle in U.S. feedyards drop to 8-year low](https://feedsoft.ai/events/20742-cattle-in-u-s-feedyards-drop-to-8-year-low.md) | +1.4% | +4.3% |
| FCATTLE | 2018-12-04 | [Gates close on cattle entering feedlots](https://feedsoft.ai/events/61711-gates-close-on-cattle-entering-feedlots.md) | +1.9% | +1.4% |
| FCATTLE | 2024-01-01 | [Jan. 1 Cattle Inventory Down 2%](https://feedsoft.ai/events/31617-jan-1-cattle-inventory-down-2.md) | +0.7% | +8.6% |
| FCATTLE | 2022-01-31 | [Jan. 1 Cattle Inventory Down 2%](https://feedsoft.ai/events/43084-jan-1-cattle-inventory-down-2.md) | +4.1% | -1.2% |

## Sources

- greatamericancrop.com: https://www.greatamericancrop.com/news-resources/article/2023/03/17/dtn-cattle-close-trends----03-17-1540

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