# Beef production raised for 2019 on faster pace of slaughter - Progressive Cattle | Ag Proud

> USDA's Economic Research Service raised its 2019 beef production estimate on a faster pace of slaughter, though packers' fed cattle capacity fell 5% to 6% since August. The 2020 beef production forecast was cut by 120 million pounds to 27.6 billion pounds. Feeder steer prices recovered more than $13 from their September low.

- Date: 2019-12-24 · published 2019-12-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55549-beef-production-raised-for-2019-on-faster-pace-of-slaughter-progressive-cattle
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A lower 2020 beef output forecast and rising feeder cattle prices signal tighter supply ahead. Fewer placements in late 2019 are expected to reduce marketings in early 2020.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2021-02-24 | [Lower 2021 production on reduced slaughter and weights \| Ag Proud](https://feedsoft.ai/events/48766-lower-2021-production-on-reduced-slaughter-and-weights-ag-proud.md) | +1.6% | +1.6% |
| FCATTLE | 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) | +0.7% | +1.1% |
| FCATTLE | 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) | +3.5% | +2.0% |
| 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% |

## Sources

- agproud.com: https://www.agproud.com/articles/53846-beef-production-raised-for-2019-on-faster-pace-of-slaughter

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