# CattleFax: Expansion plateaus and demand grows into 2020 - Progressive Cattle | Ag Proud

> CattleFax projects record-large US beef production in 2020, up about 2% to roughly 27.7 billion pounds, with harvest weights rising 10 pounds. It expects exports to rise 5% and imports to fall 5%, with trade absorbing much of the supply increase.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54714-cattlefax-expansion-plateaus-and-demand-grows-into-2020-progressive-cattle-ag
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expected export growth to China and Australian drought-driven demand could offset higher beef supply, supporting cattle prices and leverage shifting toward feeders.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-02-04 | [2020 Cattle Inventory—Herd Expansion Comes to an End - ProAg](https://feedsoft.ai/events/54543-2020-cattle-inventory-herd-expansion-comes-to-an-end-proag.md) | -1.0% | -7.7% |
| 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 | 2022-03-23 | [U.S. cattle inventory down fractionally - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/42219-u-s-cattle-inventory-down-fractionally-progressive-cattle-ag-proud.md) | +0.5% | +2.0% |
| 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 | 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% |
| FCATTLE | 2020-02-04 | [2020 Cattle Inventory—Herd Expansion Comes to an End - ProAg](https://feedsoft.ai/events/54543-2020-cattle-inventory-herd-expansion-comes-to-an-end-proag.md) | -0.7% | -2.3% |
| FCATTLE | 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) | +0.3% | +1.5% |
| FCATTLE | 2022-03-23 | [U.S. cattle inventory down fractionally - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/42219-u-s-cattle-inventory-down-fractionally-progressive-cattle-ag-proud.md) | +0.2% | +0.8% |

## Sources

- agproud.com: https://www.agproud.com/articles/53745-cattlefax-expansion-plateaus-and-demand-grows-into-2020

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