# 2023 Cattle Market Outlook - California Agriculture News Today

> AFBF's 2023 cattle outlook covers high feed costs, a third year of drought, and expectations for a 4-5% fall in US cattle inventory in the January report. It notes that the January 2023 cattle inventory could be the lowest since 1951 if declines are near 5%.

- Date: 2023-01-10 · published 2023-01-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37726-2023-cattle-market-outlook-california-agriculture-news-today
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expected low inventories and high feed costs point to tight cattle supplies and firm prices, which affects feed demand and feeding margins.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- californiaagtoday.com: https://californiaagtoday.com/2023-cattle-market-outlook/

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