# All Drought, No Cattle: Low herd supply may drive record-high prices next year

> Experts quoted by the Lubbock Avalanche-Journal expect cattle supply to keep falling into 2023 because of drought and high corn costs, which could push prices to records within two years. Extreme heat has driven the largest cattle slaughter in a decade, about 80,000 head per week, and the US beef cow herd is down 2%.

- Date: 2022-11-13 · published 2022-11-13T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/38615-all-drought-no-cattle-low-herd-supply-may-drive-record-high-prices-next-year
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Continued herd liquidation and high feed costs reduce cattle supply and support higher fed and feeder cattle prices. Elevated corn prices also raise feeding costs that feedlots must absorb.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-08-13 | [How this summer's drought could have you paying high beef prices again next year \| CBC News](https://feedsoft.ai/events/45514-how-this-summer-s-drought-could-have-you-paying-high-beef-prices-again-next.md) | -0.1% | +1.0% |
| LCATTLE | 2021-11-10 | [The Cycle of Drought, Cowherd Liquidation and Higher Feeder Cattle Prices](https://feedsoft.ai/events/44208-the-cycle-of-drought-cowherd-liquidation-and-higher-feeder-cattle-prices.md) | +0.7% | +6.3% |
| LCATTLE | 2022-07-27 | [Shrinking cattle herd could equal high calf, beef prices](https://feedsoft.ai/events/40435-shrinking-cattle-herd-could-equal-high-calf-beef-prices.md) | -0.6% | +3.8% |
| LCATTLE | 2025-10-30 | [The source of high cattle and beef prices](https://feedsoft.ai/events/22522-the-source-of-high-cattle-and-beef-prices.md) | -3.8% | -8.7% |
| LCATTLE | 2023-05-29 | [Feeder Cattle Prices Supported by Tight Supplies and Excellent Demand](https://feedsoft.ai/events/5225-feeder-cattle-prices-supported-by-tight-supplies-and-excellent-demand.md) | +3.5% | +5.8% |
| FCATTLE | 2021-08-13 | [How this summer's drought could have you paying high beef prices again next year \| CBC News](https://feedsoft.ai/events/45514-how-this-summer-s-drought-could-have-you-paying-high-beef-prices-again-next.md) | -0.3% | -2.8% |
| FCATTLE | 2021-11-10 | [The Cycle of Drought, Cowherd Liquidation and Higher Feeder Cattle Prices](https://feedsoft.ai/events/44208-the-cycle-of-drought-cowherd-liquidation-and-higher-feeder-cattle-prices.md) | -1.4% | +3.5% |
| FCATTLE | 2022-08-09 | [Coping with high feed prices, drought in 2022
						 \| The Cattle Site](https://feedsoft.ai/events/40182-coping-with-high-feed-prices-drought-in-2022-the-cattle-site.md) | -0.7% | +1.6% |

## Sources

- lubbockonline.com: https://www.lubbockonline.com/story/business/agricultural/2022/11/13/low-cattle-supply-may-drive-record-high-prices-next-year/69637966007/

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