# Cattle report shows significant herd reduction - Page 2 | Ag Proud

> USDA-ERS forecasts 2023 U.S. beef exports unchanged at 3.09 billion pounds, down about 13% year over year. Beef imports are running 3% behind the record first-quarter 2022 pace, with declines from Mexico and Brazil partly offset by Canada, Australia and New Zealand.

- Date: 2023-02-24 · published 2023-02-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37273-cattle-report-shows-significant-herd-reduction-page-2-ag-proud
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower projected U.S. beef production and exports tighten exportable supplies and support cattle prices, while reduced imports from Mexico and Brazil leave less extra beef in the domestic market.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2023-04-25 | [Beef production raised on higher fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/6723-beef-production-raised-on-higher-fed-cattle-slaughter-ag-proud.md) | +3.5% | +2.0% |
| FCATTLE | 2021-01-25 | [Production estimated lower in 2021 on reduced slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/49287-production-estimated-lower-in-2021-on-reduced-slaughter-progressive-cattle-ag.md) | +0.3% | +1.5% |
| FCATTLE | 2019-10-24 | [Beef production reduced for 2019 on decreased slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/56699-beef-production-reduced-for-2019-on-decreased-slaughter-progressive-cattle-ag.md) | +0.7% | +1.1% |
| FCATTLE | 2023-09-27 | [Production slightly lower on slow fed cattle slaughter pace \| Ag Proud](https://feedsoft.ai/events/34246-production-slightly-lower-on-slow-fed-cattle-slaughter-pace-ag-proud.md) | -1.6% | -5.2% |
| FCATTLE | 2026-01-23 | [Cattle-on-Feed Report Shows Tighter Supply Ahead - RFD](https://feedsoft.ai/events/21189-cattle-on-feed-report-shows-tighter-supply-ahead-rfd.md) | +1.5% | +1.2% |
| LCATTLE | 2023-04-25 | [Beef production raised on higher fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/6723-beef-production-raised-on-higher-fed-cattle-slaughter-ag-proud.md) | -3.1% | -3.6% |
| LCATTLE | 2021-01-25 | [Production estimated lower in 2021 on reduced slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/49287-production-estimated-lower-in-2021-on-reduced-slaughter-progressive-cattle-ag.md) | -0.9% | +1.6% |
| LCATTLE | 2019-10-24 | [Beef production reduced for 2019 on decreased slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/56699-beef-production-reduced-for-2019-on-decreased-slaughter-progressive-cattle-ag.md) | +1.6% | +6.6% |

## Sources

- agproud.com: https://www.agproud.com/articles/57020-cattle-report-shows-significant-herd-reduction
- agproud.com: https://www.agproud.com/articles/57020-cattle-report-shows-significant-herd-reduction?page=2

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