# 2023 Cattle Market Outlook

> A Farm Bureau market outlook says 2022 brought drought, high feed costs and complex challenges for U.S. cattle producers. Analysts expect the January inventory report to show cattle numbers 4-5% below 2022, possibly the lowest since 2013 or earlier. The outlook also highlights record November fed cattle marketings and lower feedlot placements.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37932-2023-cattle-market-outlook
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expected declines in cattle inventory and feedlot placements point to tighter beef supplies, supporting cattle prices while feed costs remain a key cost pressure.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- fb.org: https://www.fb.org/intel/markets/2023-cattle-market-outlook

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