# Is the U.S. Cattle Oversupply Finally Cleared? - The Food Institute

> Rabobank said the U.S. cattle oversupply had cleared, citing strong domestic demand, Chinese and Southwest Asian beef buying, and larger-than-expected fed cattle marketings. A joint USDA and Statistics Canada report put the July 1 combined herd at 113 million head, down 1% year over year.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5299-is-the-u-s-cattle-oversupply-finally-cleared-the-food-institute
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A shrinking herd and cleared backlog tighten cattle supplies and support live and feeder cattle prices going into the fall.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-09-01 | 1 | +3.6% | 6.9 | Rabobank's view that the U.S. cattle oversupply had cleared, plus strong domestic and Asian beef demand, was a bullish supply/demand signal that plausibly drove buying. |
| LCATTLE | 2021-08-31 | 1 | +3.6% | 6.8 | Rabobank's view that the US cattle oversupply has cleared, with strong demand and a smaller herd, is a bullish sentiment and supply factor published on Aug 31. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2025-12-03 | [Cattle outlook 2026: Is this the year when the herd size finally expands?  \| FCC](https://feedsoft.ai/events/21648-cattle-outlook-2026-is-this-the-year-when-the-herd-size-finally-expands-fcc.md) | +4.2% | +7.3% |
| LCATTLE | 2022-06-01 | [Cattle Supply and Demand Issues for the 2022 Marketing Year](https://feedsoft.ai/events/41547-cattle-supply-and-demand-issues-for-the-2022-marketing-year.md) | +0.9% | +4.2% |
| LCATTLE | 2019-08-01 | [Turning point in US cattle supply](https://feedsoft.ai/events/58220-turning-point-in-us-cattle-supply.md) | +0.4% | -3.8% |
| LCATTLE | 2023-01-31 | [U.S. cattle inventory falls 3%](https://feedsoft.ai/events/37278-u-s-cattle-inventory-falls-3.md) | +1.6% | +4.7% |
| LCATTLE | 2023-04-12 | [Fed Cattle Supplies](https://feedsoft.ai/events/36532-fed-cattle-supplies.md) | +3.3% | -2.2% |
| FCATTLE | 2025-12-03 | [Cattle outlook 2026: Is this the year when the herd size finally expands?  \| FCC](https://feedsoft.ai/events/21648-cattle-outlook-2026-is-this-the-year-when-the-herd-size-finally-expands-fcc.md) | +1.7% | +6.2% |
| FCATTLE | 2022-06-01 | [Cattle Supply and Demand Issues for the 2022 Marketing Year](https://feedsoft.ai/events/41547-cattle-supply-and-demand-issues-for-the-2022-marketing-year.md) | +4.4% | +3.4% |
| FCATTLE | 2019-08-01 | [Turning point in US cattle supply](https://feedsoft.ai/events/58220-turning-point-in-us-cattle-supply.md) | -1.4% | -2.0% |

## Sources

- foodinstitute.com: https://foodinstitute.com/focus/is-the-u-s-cattle-oversupply-finally-cleared/

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