# Cattle prices declined in October - Progressive Cattle | Ag Proud

> Fed cattle prices averaged about $100 per cwt in October, compared with $131 a year earlier, and early November prices were above $100. Beef imports in Q3 2016 fell 16% year on year, and the 2017 Fed cattle price forecast was cut to $102-110.

- Date: 2016-12-23 · published 2016-12-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73417-cattle-prices-declined-in-october-progressive-cattle-ag-proud
- 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

Large beef supplies in cold storage and higher 2017 production forecasts keep cattle prices under pressure, weakening feedlot demand for feed. Lower import flows also reduce international beef trade.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-04-25 | [Beef production continues to be down in 2022 - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/41788-beef-production-continues-to-be-down-in-2022-progressive-cattle-ag-proud.md) | +0.5% | -3.4% |
| LCATTLE | 2020-02-25 | [Pace of slaughter stays strong in fourth-quarter 2019 - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/54547-pace-of-slaughter-stays-strong-in-fourth-quarter-2019-progressive-cattle-ag.md) | -5.0% | -10.7% |
| LCATTLE | 2019-05-24 | [Higher expected cow slaughter partly offsets lower weights - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/5757-higher-expected-cow-slaughter-partly-offsets-lower-weights-progressive-cattle.md) | -1.4% | -3.2% |
| LCATTLE | 2017-02-25 | [2016 beef production bolstered by increased slaughter, higher dressed weights - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/72625-2016-beef-production-bolstered-by-increased-slaughter-higher-dressed-weights.md) | -1.3% | +3.0% |
| LCATTLE | 2018-06-08 | [Projecting feeder cattle prices in 2018](https://feedsoft.ai/events/64683-projecting-feeder-cattle-prices-in-2018.md) | +0.8% | -2.6% |
| FCATTLE | 2022-04-25 | [Beef production continues to be down in 2022 - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/41788-beef-production-continues-to-be-down-in-2022-progressive-cattle-ag-proud.md) | -1.0% | -2.9% |
| FCATTLE | 2020-02-25 | [Pace of slaughter stays strong in fourth-quarter 2019 - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/54547-pace-of-slaughter-stays-strong-in-fourth-quarter-2019-progressive-cattle-ag.md) | -1.7% | -7.9% |
| FCATTLE | 2017-02-25 | [2016 beef production bolstered by increased slaughter, higher dressed weights - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/72625-2016-beef-production-bolstered-by-increased-slaughter-higher-dressed-weights.md) | +2.1% | +9.6% |

## Sources

- agproud.com: https://www.agproud.com/articles/49570-cattle-prices-declined-in-october

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