# Strong Feeder Cattle Sales Boost Feedlot Numbers - Northern Ag Network

> USDA's November Cattle on Feed report showed feedlot inventories up 1.7% year over year, after October placements rose 3.8%. Placements were boosted by drought-driven early marketing, sharply higher feeder imports from Mexico (up 49% in October), and strong feeder prices.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7867-strong-feeder-cattle-sales-boost-feedlot-numbers-northern-ag-network
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Larger placements add near-term feeder supply to feedlots, which pressures feeder cattle prices, though the increase was smaller than expected and feeder prices remain well above last year.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2023-11-14 | [USDA cattle report shows strong market prices support higher feedlot numbers - Oklahoma Farm Report](https://feedsoft.ai/events/33332-usda-cattle-report-shows-strong-market-prices-support-higher-feedlot-numbers.md) | -0.4% | -5.0% |
| FCATTLE | 2018-06-26 | [Feedlots full, cattle prices slipping \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/64644-feedlots-full-cattle-prices-slipping-iowa-agribusiness-radio-network.md) | +4.2% | +4.8% |
| FCATTLE | 2020-04-30 | [Feeder cattle aren't in feedlots](https://feedsoft.ai/events/53784-feeder-cattle-aren-t-in-feedlots.md) | +3.8% | +13.3% |
| FCATTLE | 2021-02-12 | [Rising feed costs may change feeder cattle market \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/48785-rising-feed-costs-may-change-feeder-cattle-market-iowa-agribusiness-radio.md) | -0.0% | -2.0% |
| FCATTLE | 2017-07-24 | [Cattle futures hit hard by on feed, inventory numbers - Brownfield Ag News](https://feedsoft.ai/events/70086-cattle-futures-hit-hard-by-on-feed-inventory-numbers-brownfield-ag-news.md) | -4.5% | -8.1% |
| LCATTLE | 2023-11-14 | [USDA cattle report shows strong market prices support higher feedlot numbers - Oklahoma Farm Report](https://feedsoft.ai/events/33332-usda-cattle-report-shows-strong-market-prices-support-higher-feedlot-numbers.md) | -0.4% | -4.8% |
| LCATTLE | 2018-06-26 | [Feedlots full, cattle prices slipping \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/64644-feedlots-full-cattle-prices-slipping-iowa-agribusiness-radio-network.md) | -0.4% | +2.8% |
| LCATTLE | 2017-07-24 | [Cattle futures hit hard by on feed, inventory numbers - Brownfield Ag News](https://feedsoft.ai/events/70086-cattle-futures-hit-hard-by-on-feed-inventory-numbers-brownfield-ag-news.md) | -1.6% | -6.2% |

## Sources

- drovers.com: https://www.drovers.com/news/beef-production/strong-feeder-cattle-sales-boost-feedlot-numbers
- northernag.net: https://www.northernag.net/strong-feeder-cattle-sales-boost-feedlot-numbers/

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