# Turning point in US cattle supply

> Meat & Livestock Australia reports that USDA's mid-year inventory put total US cattle at 103 million head as of July 1, 2019, unchanged from last year. The cow herd fell 0.2% to 41.7 million, the first contraction since 2014, and the beef cow herd is forecast to drop to 31.7 million by July 2020. The analysis concludes the US herd has reached the end of its expansion phase.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58220-turning-point-in-us-cattle-supply
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A turn toward herd contraction tightens future beef supply and supports cattle prices over the coming years, though high near-term slaughter keeps beef output expanding.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-12 | [Fed Cattle Supplies](https://feedsoft.ai/events/36532-fed-cattle-supplies.md) | +3.3% | -2.2% |
| LCATTLE | 2021-06-28 | [Grinding through fed Cattle Supplies](https://feedsoft.ai/events/46737-grinding-through-fed-cattle-supplies.md) | +0.7% | -0.5% |
| 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 | 2020-07-29 | [Few surprises in the USDA cattle reports \| AGDAILY](https://feedsoft.ai/events/52056-few-surprises-in-the-usda-cattle-reports-agdaily.md) | +1.4% | +7.1% |
| LCATTLE | 2021-08-31 | [Is the U.S. Cattle Oversupply Finally Cleared? - The Food Institute](https://feedsoft.ai/events/5299-is-the-u-s-cattle-oversupply-finally-cleared-the-food-institute.md) | +1.8% | +0.0% |
| FCATTLE | 2023-04-12 | [Fed Cattle Supplies](https://feedsoft.ai/events/36532-fed-cattle-supplies.md) | +1.9% | +1.9% |
| FCATTLE | 2021-06-28 | [Grinding through fed Cattle Supplies](https://feedsoft.ai/events/46737-grinding-through-fed-cattle-supplies.md) | -1.6% | +1.7% |
| 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% |

## Sources

- mla.com.au: https://www.mla.com.au/prices-markets/market-news/2019/turning-point-in-us-cattle-supply/

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