# Terrain | Drought-forced Cattle Movement Expected to Impact Markets into 2023

> Drought is driving beef cow herd liquidation at the fastest pace since 1984, with beef cow slaughter up 14.7% year over year. Drought continues to push feeder cattle and calves into feedlots, adding to fed cattle and beef supply through early 2023. La Niña is expected to keep the Central Plains and western Corn Belt dry into a third winter.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7228-terrain-drought-forced-cattle-movement-expected-to-impact-markets-into-2023
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reduced cow herds tighten future beef supply, supporting fed cattle prices toward the mid-$150 range. Rising corn and soybean costs and reduced hay production raise feeding costs for producers.

## Read by commodity

- CORN: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-01-01 | [As drought tightened cattle production, 2023 markets soared  - High Plains Journal](https://feedsoft.ai/events/32247-as-drought-tightened-cattle-production-2023-markets-soared-high-plains-journal.md) | -0.4% | +2.3% |
| LCATTLE | 2021-03-02 | [Signs of market improvement for cattle producers](https://feedsoft.ai/events/7330-signs-of-market-improvement-for-cattle-producers.md) | -0.0% | +1.5% |
| LCATTLE | 2018-02-12 | [Drought relief expected to help grain and cattle outlook - High Plains Journal](https://feedsoft.ai/events/66423-drought-relief-expected-to-help-grain-and-cattle-outlook-high-plains-journal.md) | +1.5% | -1.0% |
| LCATTLE | 2022-07-28 | [Fewer cattle expected as cow herds shrink due to drought \| The Western Producer](https://feedsoft.ai/events/40618-fewer-cattle-expected-as-cow-herds-shrink-due-to-drought-the-western-producer.md) | -0.1% | +3.7% |
| LCATTLE | 2021-08-18 | [US drought could have implications for beef exports
						 \| The Cattle Site](https://feedsoft.ai/events/45518-us-drought-could-have-implications-for-beef-exports-the-cattle-site.md) | +1.9% | +0.9% |
| CORN | 2019-06-05 | [Droughts and flooding rains impact market \| The Land \| NSW](https://feedsoft.ai/events/8686-droughts-and-flooding-rains-impact-market-the-land-nsw.md) | +0.9% | -0.2% |
| CORN | 2022-07-28 | [Fewer cattle expected as cow herds shrink due to drought \| The Western Producer](https://feedsoft.ai/events/40618-fewer-cattle-expected-as-cow-herds-shrink-due-to-drought-the-western-producer.md) | +2.8% | +5.6% |
| CORN | 2021-06-08 | [Potential for Drought Can Impact Prices and Marketing Plans \| NDSU Agriculture](https://feedsoft.ai/events/46421-potential-for-drought-can-impact-prices-and-marketing-plans-ndsu-agriculture.md) | -2.0% | +2.4% |

## Sources

- terrainag.com: https://www.terrainag.com/insights/drought-forced-cattle-movement-expected-to-impacts-markets-into-2023/

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