# 2023 Could Bring Record Cattle Prices, CattleFax Experts Say

> CattleFax experts forecast record cattle prices for 2023, with fed cattle averaging $158 per hundredweight and 550-pound calves averaging $225. The outlook follows two years of herd liquidation from drought, with a record 13.5% cow culling rate last year.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10217-2023-could-bring-record-cattle-prices-cattlefax-experts-say
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Shrinking slaughter numbers and strong beef demand point to higher cattle prices in 2023, increasing feeder and feed purchase costs for buyers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-07-26 | [Prices for Young Cattle Are Soaring, Signaling Expensive Beef](https://feedsoft.ai/events/46202-prices-for-young-cattle-are-soaring-signaling-expensive-beef.md) | -0.6% | +1.3% |
| LCATTLE | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | +0.9% | +0.1% |
| LCATTLE | 2024-02-16 | [Tight Supplies Expected to Boost Cattle and Hog Prices in 2024](https://feedsoft.ai/events/31615-tight-supplies-expected-to-boost-cattle-and-hog-prices-in-2024.md) | -0.2% | +2.1% |
| LCATTLE | 2023-05-11 | [Fed, feeder cattle prices in record-high range - Canadian Cattlemen](https://feedsoft.ai/events/35881-fed-feeder-cattle-prices-in-record-high-range-canadian-cattlemen.md) | +0.6% | +7.2% |
| LCATTLE | 2026-02-06 | [2025 Cattle Price Recap and What’s Ahead for 2026?](https://feedsoft.ai/events/20728-2025-cattle-price-recap-and-what-s-ahead-for-2026.md) | +1.9% | +1.4% |
| FCATTLE | 2021-07-26 | [Prices for Young Cattle Are Soaring, Signaling Expensive Beef](https://feedsoft.ai/events/46202-prices-for-young-cattle-are-soaring-signaling-expensive-beef.md) | -1.2% | -0.7% |
| FCATTLE | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | +0.2% | +0.1% |
| FCATTLE | 2024-02-16 | [Tight Supplies Expected to Boost Cattle and Hog Prices in 2024](https://feedsoft.ai/events/31615-tight-supplies-expected-to-boost-cattle-and-hog-prices-in-2024.md) | +3.0% | +0.9% |

## Sources

- agriculture.com: https://www.agriculture.com/news/livestock/good-year-ahead-for-cattle-cattlefax-market-experts-say

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