# Lower 2021 production on reduced slaughter and weights | Ag Proud

> USDA ERS lowered its forecast for fourth-quarter 2020 and 2021 beef production by 70-80 million pounds after fewer cattle were slaughtered in December and fewer fed cattle are expected in second-quarter 2021. The 2020 average price for live steers in the 5-area region was $108.51 per cwt, down 7% from 2019.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48766-lower-2021-production-on-reduced-slaughter-and-weights-ag-proud
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tighter beef supply and expected lower carcass weights from higher feed costs point to firmer fed cattle prices, which also raises demand expectations for feed.

## Read by commodity

- CORN: neutral
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-01-25 | [Production estimated lower in 2021 on reduced slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/49287-production-estimated-lower-in-2021-on-reduced-slaughter-progressive-cattle-ag.md) | -0.9% | +1.6% |
| LCATTLE | 2023-09-27 | [Production slightly lower on slow fed cattle slaughter pace \| Ag Proud](https://feedsoft.ai/events/34246-production-slightly-lower-on-slow-fed-cattle-slaughter-pace-ag-proud.md) | -1.0% | -0.9% |
| LCATTLE | 2019-10-24 | [Beef production reduced for 2019 on decreased slaughter - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/56699-beef-production-reduced-for-2019-on-decreased-slaughter-progressive-cattle-ag.md) | +1.6% | +6.6% |
| 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 | 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% |
| CORN | 2021-04-23 | [Higher cow slaughter and shift in fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/47537-higher-cow-slaughter-and-shift-in-fed-cattle-slaughter-ag-proud.md) | +10.5% | +8.1% |
| CORN | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.8% | +9.0% |
| CORN | 2024-08-12 | [USDA Increases 2024 Corn Production and Demand, Lowers Ending Stocks](https://feedsoft.ai/events/28712-usda-increases-2024-corn-production-and-demand-lowers-ending-stocks.md) | -1.6% | +1.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/52891-lower-2021-production-on-reduced-slaughter-and-weights

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