# North American cattle prices pull away from world prices | Capital Press

> Rabobank's Beef Quarterly report says US and Canadian cattle prices have reached record levels as beef production declines and demand stays firm. Analysts expect global beef output to stay balanced, with rising Brazilian and Australian supply offsetting US declines.

- Date: 2023-06-05 · published 2023-06-05T12:00:00.000Z
- Category: report · region North America · magnitude low
- Page: https://feedsoft.ai/events/10092-north-american-cattle-prices-pull-away-from-world-prices-capital-press
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower US and Canadian beef output combined with firm demand supports North American cattle and feeder cattle prices. Producers may sell replacement heifers, which could further tighten supply.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-11-13 | [Analyst: Fewer cattle bode well for prices \| Capital Press](https://feedsoft.ai/events/56000-analyst-fewer-cattle-bode-well-for-prices-capital-press.md) | -0.2% | +2.2% |
| LCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.6% | +0.3% |
| LCATTLE | 2019-11-01 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/56210-national-feeder-and-stocker-cattle-report-capital-press.md) | +4.6% | +6.9% |
| LCATTLE | 2020-06-15 | [Cattle prices to rise as production, exports fall: ABARES - Beef Central](https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central.md) | -4.3% | -5.9% |
| LCATTLE | 2024-07-19 | [Cattle Prices Projected Higher From Last Month \| Feedlot Special \| feedlotmagazine.com](https://feedsoft.ai/events/29402-cattle-prices-projected-higher-from-last-month-feedlot-special-feedlotmagazine.md) | +1.7% | -0.3% |
| FCATTLE | 2019-11-13 | [Analyst: Fewer cattle bode well for prices \| Capital Press](https://feedsoft.ai/events/56000-analyst-fewer-cattle-bode-well-for-prices-capital-press.md) | -0.8% | -3.4% |
| FCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.8% | -1.4% |
| FCATTLE | 2023-04-03 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/10378-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.0% | +4.4% |

## Sources

- capitalpress.com: https://capitalpress.com/2023/06/05/north-american-cattle-prices-pull-away-from-world-prices/

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