# Record Number of Cattle on Feed and Record Low Inventory Outside of Feedlots

> USDA's Cattle on Feed report showed record on-feed numbers and large placements. Drought has pushed cattle that would normally graze into feedlots earlier.

- Date: 2022-05-25 · published 2022-05-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41541-record-number-of-cattle-on-feed-and-record-low-inventory-outside-of-feedlots
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A large feedlot glut is expected to weigh on live cattle prices through summer, while limited feeder supplies support feeder cattle values.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2022-05-26 | 1 | +7.6% | 8.7 | Record cattle on feed and large placements, released May 25 just before the move, signal heavy feedlot supply and drought-driven early placements that shift feeder cattle supply/demand and sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-05-27 | [USDA reports second largest inventory of cattle on feed since 1996](https://feedsoft.ai/events/4968-usda-reports-second-largest-inventory-of-cattle-on-feed-since-1996.md) | +0.3% | +3.9% |
| LCATTLE | 2017-07-24 | [Cattle futures hit hard by on feed, inventory numbers - Brownfield Ag News](https://feedsoft.ai/events/70086-cattle-futures-hit-hard-by-on-feed-inventory-numbers-brownfield-ag-news.md) | -1.6% | -6.2% |
| LCATTLE | 2020-08-21 | [Higher cattle inventory numbers could pressure market \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/51747-higher-cattle-inventory-numbers-could-pressure-market-livestock-farmweeknow-com.md) | -1.2% | -2.0% |
| LCATTLE | 2019-12-02 | [Understanding 'Placements' in the Cattle on Feed Report](https://feedsoft.ai/events/55713-understanding-placements-in-the-cattle-on-feed-report.md) | +0.5% | +3.9% |
| LCATTLE | 2023-10-24 | [USDA Cattle on Feed Report Hits Cattle Prices Hard](https://feedsoft.ai/events/10309-usda-cattle-on-feed-report-hits-cattle-prices-hard.md) | +1.1% | -3.0% |
| FCATTLE | 2024-11-01 | [Cattle on Feed Remains Elevated, Despite Low Cattle Inventory](https://feedsoft.ai/events/27996-cattle-on-feed-remains-elevated-despite-low-cattle-inventory.md) | -1.7% | +3.0% |
| FCATTLE | 2025-07-25 | [USDA Cattle on Feed Bullish, Inventory Report Confirms Record Low Herd - Drovers](https://feedsoft.ai/events/23702-usda-cattle-on-feed-bullish-inventory-report-confirms-record-low-herd-drovers.md) | +0.8% | +8.4% |
| FCATTLE | 2024-08-01 | [Growing on-feed inventory, lower placements and no sign of heifer retention](https://feedsoft.ai/events/29412-growing-on-feed-inventory-lower-placements-and-no-sign-of-heifer-retention.md) | -5.7% | -5.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/sort-cull/blog-post/2022/05/25/record-number-cattle-feed-record-low

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