# Live cattle futures jump to 7-year peak as U.S. herd shrinks | Reuters

> CME live cattle futures rallied to a seven-year high after a USDA cattle-on-feed report showed smaller on-feed supplies than a year earlier, larger marketings and reduced placements. The moves followed a drought-driven liquidation of the breeding herd.

- Date: 2022-10-24 · published 2022-10-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8063-live-cattle-futures-jump-to-7-year-peak-as-u-s-herd-shrinks-reuters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A shrinking U.S. herd and tighter feedlot supplies reduce near-term beef and feeder cattle availability, supporting higher cattle prices.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2022-10-24 | 1 | +1.4% | 4.0 | Dated on the move day, it attributes the rally to a seven-year high after a USDA report showed tighter on-feed supplies and a shrinking herd, a supply-driven mechanism. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-02-04 | [CME cattle futures climb as smaller U.S. herd attracts spec buyers \| Reuters](https://feedsoft.ai/events/10211-cme-cattle-futures-climb-as-smaller-u-s-herd-attracts-spec-buyers-reuters.md) | +1.2% | +4.3% |
| LCATTLE | 2026-01-30 | [U.S. Cattle Inventory at 75 Year Low \| Paradigm Futures](https://feedsoft.ai/events/21190-u-s-cattle-inventory-at-75-year-low-paradigm-futures.md) | +1.0% | +4.8% |
| LCATTLE | 2022-02-24 | [US cattle herd shrinks for third straight year \| MEAT+POULTRY](https://feedsoft.ai/events/42654-us-cattle-herd-shrinks-for-third-straight-year-meat-poultry.md) | -0.7% | -2.4% |
| LCATTLE | 2026-03-04 | [America's cattle herd drops to a 75-year low](https://feedsoft.ai/events/20118-america-s-cattle-herd-drops-to-a-75-year-low.md) | -0.9% | +0.4% |
| LCATTLE | 2024-04-23 | [Live cattle futures jump on supportive USDA feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site.md) | +0.8% | +0.9% |
| FCATTLE | 2023-02-04 | [CME cattle futures climb as smaller U.S. herd attracts spec buyers \| Reuters](https://feedsoft.ai/events/10211-cme-cattle-futures-climb-as-smaller-u-s-herd-attracts-spec-buyers-reuters.md) | +0.2% | +3.2% |
| FCATTLE | 2026-01-30 | [U.S. Cattle Inventory at 75 Year Low \| Paradigm Futures](https://feedsoft.ai/events/21190-u-s-cattle-inventory-at-75-year-low-paradigm-futures.md) | -1.4% | -3.7% |
| FCATTLE | 2022-02-24 | [US cattle herd shrinks for third straight year \| MEAT+POULTRY](https://feedsoft.ai/events/42654-us-cattle-herd-shrinks-for-third-straight-year-meat-poultry.md) | -2.7% | -4.1% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/live-cattle-futures-jump-to-7-year-peak-as-us-herd-shrinks-idUSL1N31P2EK/

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