# Cattle inventories drift slightly lower | Western Livestock Journal

> Oklahoma State's Derrell Peel reports US all-cattle inventory at 93.6 million head on January 1, 2021, down fractionally from a year earlier. Beef cows fell 0.6 percent while dairy cows rose 1.1 percent, and the cattle on feed total was up 0.3 percent.

- Date: 2021-02-05 · published 2021-02-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48573-cattle-inventories-drift-slightly-lower-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A slightly smaller cow herd and tight replacement supply support longer-term cattle prices, but current feeder supply is near neutral for feed demand.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-01-31 | [LIVESTOCK-Live Cattle Down Slightly; Cattle Inventory Shows Steep Decline](https://feedsoft.ai/events/37927-livestock-live-cattle-down-slightly-cattle-inventory-shows-steep-decline.md) | +1.6% | +4.7% |
| LCATTLE | 2019-11-04 | [October Cattle on Feed hits expectations \| Western Livestock Journal](https://feedsoft.ai/events/56209-october-cattle-on-feed-hits-expectations-western-livestock-journal.md) | +1.2% | +4.1% |
| LCATTLE | 2021-11-24 | [November cattle market update, Cattle on Feed report \| Western Livestock Journal](https://feedsoft.ai/events/12781-november-cattle-market-update-cattle-on-feed-report-western-livestock-journal.md) | +2.1% | +1.7% |
| LCATTLE | 2024-05-10 | [Weighing market advantages \| Western Livestock Journal](https://feedsoft.ai/events/30401-weighing-market-advantages-western-livestock-journal.md) | +0.9% | +2.5% |
| LCATTLE | 2017-11-01 | [Futures surge following report shock \| Western Livestock Journal](https://feedsoft.ai/events/5328-futures-surge-following-report-shock-western-livestock-journal.md) | +4.5% | +0.8% |
| FCATTLE | 2019-11-04 | [October Cattle on Feed hits expectations \| Western Livestock Journal](https://feedsoft.ai/events/56209-october-cattle-on-feed-hits-expectations-western-livestock-journal.md) | -1.4% | -4.7% |
| FCATTLE | 2018-03-26 | [Do we have a placement prediction problem? \| Western Livestock Journal](https://feedsoft.ai/events/66162-do-we-have-a-placement-prediction-problem-western-livestock-journal.md) | -2.8% | +2.5% |
| FCATTLE | 2024-09-22 | [Cattle supply remains tight; market rallies \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/28432-cattle-supply-remains-tight-market-rallies-livestock-farmweeknow-com.md) | +0.9% | +1.4% |

## Sources

- wlj.net: https://www.wlj.net/cattle-inventories-drift-slightly-lower/

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