# Weekly Livestock Comments for April 7, 2023 | Ohio BEEF Cattle Letter

> Fed cattle traded $3 to $4 higher than the prior week, with the five-area weighted average reaching $172.33 live and $278.10 dressed. The live average set a new record, surpassing the November 2014 high of $171.38. The Choice boxed beef cutout also rose to $289.76.

- Date: 2023-04-12 · published 2023-04-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11009-weekly-livestock-comments-for-april-7-2023-ohio-beef-cattle-letter
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Record fed cattle prices and a rising beef cutout signal strong packer demand and tight cattle supplies, which keeps feeder cattle and feed demand supported. Resistance near current levels could limit further upside.

## Read by commodity

- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-11 | 5 | +3.0% | 3.1 | Fed cattle $3-4 higher with a record $172.33 live average and a higher Choice cutout confirm strong cash and demand support. |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2023/04/12/weekly-livestock-comments-for-april-7-2023/

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