# USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range

> USDA's Livestock, Dairy and Poultry Outlook says drought has eased across much of the U.S. but about 41% of the country remains in some drought. Hay stocks on May 1 were 13% below last year, the lowest in a decade, and beef cow culling remains high.

- Date: 2023-05-22 · published 2023-05-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range
- 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

Tighter forage and a smaller calf crop point to lower beef output in 2024 and firmer cattle prices, while lower feed costs help producer returns.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-25 | [Beef production raised on higher fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/6723-beef-production-raised-on-higher-fed-cattle-slaughter-ag-proud.md) | -3.1% | -3.6% |
| LCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -1.4% | -2.8% |
| LCATTLE | 2020-06-15 | [Cattle prices to rise as production, exports fall: ABARES - Beef Central](https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central.md) | -4.3% | -5.9% |
| LCATTLE | 2025-04-24 | [Fischer: Prices For Cattle Remain High](https://feedsoft.ai/events/25264-fischer-prices-for-cattle-remain-high.md) | +1.8% | +3.8% |
| LCATTLE | 2026-02-25 | [Cattle Market Pushes Higher and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/20740-cattle-market-pushes-higher-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | -3.1% | -4.4% |
| FCATTLE | 2023-04-25 | [Beef production raised on higher fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/6723-beef-production-raised-on-higher-fed-cattle-slaughter-ag-proud.md) | +3.5% | +2.0% |
| FCATTLE | 2017-04-05 | [Calf Price Rally and a Crop Production Report \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/71636-calf-price-rally-and-a-crop-production-report-ohio-beef-cattle-letter.md) | +4.7% | +17.0% |
| FCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -0.2% | -1.5% |

## Sources

- cattlerange.com: https://www.cattlerange.com/articles/2023/05/usda-foresees-less-beef-production-and-higher-cattle-prices/

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