# Beef prices set to surge further as farmers sell off cattle herds | Fox Business

> Cattle producers are sending more breeding stock to slaughter amid high input costs and drought, and some are liquidating herds entirely. USDA data show total cattle inventory down 2% to 98.8 million head, with more females placed in feedlots.

- Date: 2022-07-30 · published 2022-07-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40628-beef-prices-set-to-surge-further-as-farmers-sell-off-cattle-herds-fox-business
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Shrinking herds and rising female slaughter point to tighter fed-cattle supplies into 2023, which supports higher cattle and beef prices.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-08-06 | [Beef prices surge as herd shrinks to 1951 low](https://feedsoft.ai/events/4741-beef-prices-surge-as-herd-shrinks-to-1951-low.md) | -0.3% | -8.1% |
| LCATTLE | 2018-06-18 | [Cattle prices set to fall 8pc in 2018-19: ABARES - Beef Central](https://feedsoft.ai/events/64469-cattle-prices-set-to-fall-8pc-in-2018-19-abares-beef-central.md) | -1.6% | -2.5% |
| LCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.6% | +0.3% |
| LCATTLE | 2017-08-28 | [Cattle Futures Climb on Slower Placements \| Fox Business](https://feedsoft.ai/events/69587-cattle-futures-climb-on-slower-placements-fox-business.md) | -1.7% | +0.8% |
| LCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +0.8% | +8.0% |
| FCATTLE | 2018-06-18 | [Cattle prices set to fall 8pc in 2018-19: ABARES - Beef Central](https://feedsoft.ai/events/64469-cattle-prices-set-to-fall-8pc-in-2018-19-abares-beef-central.md) | +0.8% | +3.0% |
| FCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.8% | -1.4% |
| FCATTLE | 2017-08-28 | [Cattle Futures Climb on Slower Placements \| Fox Business](https://feedsoft.ai/events/69587-cattle-futures-climb-on-slower-placements-fox-business.md) | +1.0% | +6.4% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/economy/beef-prices-set-surge-further-farmers-sell-cattle-herds

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