# Here’s why beef is still pricey | CNN Business

> Beef prices remain high because dry conditions and higher feed costs led farmers to sell cattle rapidly in recent years. That wave of sales, especially of breeding cows, has reduced the herd. The article text is a short excerpt.

- Date: 2023-04-05 · published 2023-04-05T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10375-here-s-why-beef-is-still-pricey-cnn-business
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A depleted cow herd limits calf and fed cattle supply for months to come, keeping beef and live cattle prices supported and sensitive to drought and feed costs.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-11-11 | [Why beef prices have been rising this fall](https://feedsoft.ai/events/27540-why-beef-prices-have-been-rising-this-fall.md) | -1.1% | +1.4% |
| LCATTLE | 2023-06-07 | [Get ready for higher beef prices this summer. Here’s why. - MarketWatch](https://feedsoft.ai/events/10087-get-ready-for-higher-beef-prices-this-summer-here-s-why-marketwatch.md) | +1.7% | -1.6% |
| LCATTLE | 2023-06-01 | [Why Your Steak Is Getting Pricier](https://feedsoft.ai/events/10090-why-your-steak-is-getting-pricier.md) | +4.1% | +4.4% |
| LCATTLE | 2022-07-27 | [Shrinking cattle herd could equal high calf, beef prices](https://feedsoft.ai/events/40435-shrinking-cattle-herd-could-equal-high-calf-beef-prices.md) | -0.6% | +3.8% |
| LCATTLE | 2025-10-30 | [The source of high cattle and beef prices](https://feedsoft.ai/events/22522-the-source-of-high-cattle-and-beef-prices.md) | -3.8% | -8.7% |
| FCATTLE | 2024-11-11 | [Why beef prices have been rising this fall](https://feedsoft.ai/events/27540-why-beef-prices-have-been-rising-this-fall.md) | +2.3% | +4.2% |
| FCATTLE | 2023-06-07 | [Get ready for higher beef prices this summer. Here’s why. - MarketWatch](https://feedsoft.ai/events/10087-get-ready-for-higher-beef-prices-this-summer-here-s-why-marketwatch.md) | -1.2% | -0.4% |
| FCATTLE | 2022-07-27 | [Shrinking cattle herd could equal high calf, beef prices](https://feedsoft.ai/events/40435-shrinking-cattle-herd-could-equal-high-calf-beef-prices.md) | +0.4% | +2.0% |

## Sources

- cnn.com: https://www.cnn.com/2023/04/05/business/beef-supply-prices

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