# High Plains Ag Week - 2/7/2020 - Ag Economics on the Plains

> Analysis of the January 1 cattle inventory shows beef cows down about 1% from last year, with the largest declines in the middle of the country as low calf prices led producers to sell cows. Average pre-report estimates had expected a decline of about 0.8%.

- Date: 2020-02-07 · published 2020-02-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54550-high-plains-ag-week-2-7-2020-ag-economics-on-the-plains
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Fewer cows mean fewer calves and less beef in one to two years, which supports longer-term cattle prices and reduces feeder cattle supply.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2023-05-31 | [Steer prices hit record high in April 2023 \| Economic Research Service](https://feedsoft.ai/events/35878-steer-prices-hit-record-high-in-april-2023-economic-research-service.md) | +2.3% | +1.0% |
| FCATTLE | 2025-05-23 | [Import restrictions will weigh on cattle markets - High Plains Journal](https://feedsoft.ai/events/24820-import-restrictions-will-weigh-on-cattle-markets-high-plains-journal.md) | +1.2% | +2.5% |
| FCATTLE | 2025-02-28 | [USDA Ag Outlook Forum: Chief economist Seth Meyer’s shares 2025 expectations for beef, swine, egg, dairy
						 \| The Beef Site](https://feedsoft.ai/events/26183-usda-ag-outlook-forum-chief-economist-seth-meyer-s-shares-2025-expectations-for.md) | -0.9% | +4.1% |
| FCATTLE | 2025-07-28 | [Cattle Gap Into New Highs on Bullish Reports: Grains Fall on Weather - AgWeb](https://feedsoft.ai/events/23889-cattle-gap-into-new-highs-on-bullish-reports-grains-fall-on-weather-agweb.md) | +1.0% | +8.7% |
| FCATTLE | 2025-03-14 | [Cattle herd shrinks, prices go higher - High Plains Journal](https://feedsoft.ai/events/25522-cattle-herd-shrinks-prices-go-higher-high-plains-journal.md) | +2.9% | +0.9% |
| LCATTLE | 2023-05-31 | [Steer prices hit record high in April 2023 \| Economic Research Service](https://feedsoft.ai/events/35878-steer-prices-hit-record-high-in-april-2023-economic-research-service.md) | +4.4% | +4.4% |
| LCATTLE | 2025-05-23 | [Import restrictions will weigh on cattle markets - High Plains Journal](https://feedsoft.ai/events/24820-import-restrictions-will-weigh-on-cattle-markets-high-plains-journal.md) | +0.1% | +4.5% |
| LCATTLE | 2025-02-28 | [USDA Ag Outlook Forum: Chief economist Seth Meyer’s shares 2025 expectations for beef, swine, egg, dairy
						 \| The Beef Site](https://feedsoft.ai/events/26183-usda-ag-outlook-forum-chief-economist-seth-meyer-s-shares-2025-expectations-for.md) | -1.3% | +5.8% |

## Sources

- agrilife.org: https://agrilife.org/agecon/high-plains-ag-week-2-7-2020/

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