# US beef glut puts pressure on imports

> The USDA raised its 2016 US beef production forecast to 25.14 billion pounds, up 6.1% on 2015, due to faster slaughter pace. Cattle placements on feedlots fell 2% in September and 5% in October, and the 2017 beef production forecast was revised.

- Date: 2016-12-13 · published 2016-12-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73414-us-beef-glut-puts-pressure-on-imports
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher US beef output pressures import demand and lowers cattle prices, which reduces feedlot activity and feed grain demand. Lower placements tighten near-term feedlot demand for feed.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-09-03 | [US beef prices under pressure](https://feedsoft.ai/events/63163-us-beef-prices-under-pressure.md) | +0.6% | +3.8% |
| LCATTLE | 2017-02-14 | [US beef production squeezes imports](https://feedsoft.ai/events/72437-us-beef-production-squeezes-imports.md) | +0.8% | +3.1% |
| LCATTLE | 2018-04-23 | [Light trading on US imported beef market \| Meat & Livestock Australia](https://feedsoft.ai/events/65453-light-trading-on-us-imported-beef-market-meat-and-livestock-australia.md) | +3.1% | -6.5% |
| LCATTLE | 2023-12-04 | [USDA increases beef production forecasts - Grainews](https://feedsoft.ai/events/32852-usda-increases-beef-production-forecasts-grainews.md) | -1.8% | -0.5% |
| LCATTLE | 2018-07-25 | [Cattle on feed underpinning US beef exports \| Meat & Livestock Australia](https://feedsoft.ai/events/63963-cattle-on-feed-underpinning-us-beef-exports-meat-and-livestock-australia.md) | -0.6% | -0.6% |
| FCATTLE | 2018-09-03 | [US beef prices under pressure](https://feedsoft.ai/events/63163-us-beef-prices-under-pressure.md) | +2.1% | +6.2% |
| FCATTLE | 2017-02-14 | [US beef production squeezes imports](https://feedsoft.ai/events/72437-us-beef-production-squeezes-imports.md) | +2.2% | +4.9% |
| FCATTLE | 2018-04-23 | [Light trading on US imported beef market \| Meat & Livestock Australia](https://feedsoft.ai/events/65453-light-trading-on-us-imported-beef-market-meat-and-livestock-australia.md) | +3.4% | -3.7% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/us-beef-glut-puts-pressure-on-imports/

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