# WASDE: Fed cattle price forecast for balance of 2021 lowered; 2022 price raised | Cattle Range News

> The October WASDE lowered the 2021 red meat and poultry production forecast on lower pork, broiler and turkey output, partly offset by higher beef output. Fed cattle supplies are expected to tighten in the second half of 2022, and the 2022 fed cattle price forecast was raised. Beef and pork import forecasts were also raised.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44713-wasde-fed-cattle-price-forecast-for-balance-of-2021-lowered-2022-price-raised
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Tighter expected 2022 fed cattle supplies and lower pork and poultry output support livestock prices, while lower hog and broiler production reduces feed demand for those species.

## Read by commodity

- HOGS: bearish ▼
- CHICKEN: bearish ▼
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | +0.9% | +0.1% |
| LCATTLE | 2026-02-06 | [2025 Cattle Price Recap and What’s Ahead for 2026?](https://feedsoft.ai/events/20728-2025-cattle-price-recap-and-what-s-ahead-for-2026.md) | +1.9% | +1.4% |
| LCATTLE | 2019-12-24 | [Beef production raised for 2019 on faster pace of slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/55549-beef-production-raised-for-2019-on-faster-pace-of-slaughter-progressive-cattle.md) | +1.7% | +3.1% |
| LCATTLE | 2022-02-01 | [USDA Beef/Cattle Outlook: February 2022 Cattle Range](https://feedsoft.ai/events/42657-usda-beef-cattle-outlook-february-2022-cattle-range.md) | +1.8% | +2.6% |
| LCATTLE | 2023-05-11 | [Fed, feeder cattle prices in record-high range - Canadian Cattlemen](https://feedsoft.ai/events/35881-fed-feeder-cattle-prices-in-record-high-range-canadian-cattlemen.md) | +0.6% | +7.2% |
| HOGS | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | -0.6% | -7.1% |
| HOGS | 2018-04-17 | [Lower beef and pork prices forecast - Brownfield Ag News](https://feedsoft.ai/events/65666-lower-beef-and-pork-prices-forecast-brownfield-ag-news.md) | +4.2% | +6.1% |
| HOGS | 2021-09-14 | [China cuts forecast for feed use of corn in 2021/22 - Markets - Business Recorder](https://feedsoft.ai/events/45063-china-cuts-forecast-for-feed-use-of-corn-in-2021-22-markets-business-recorder.md) | +1.0% | +3.3% |

## Sources

- cattlerange.com: https://www.cattlerange.com/articles/2021/10/wasde-fed-cattle-price-forecast-for-balance-of-2021-lowered-2022-price-raised

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