# Cattle Prices in Record Territory

> Daily average five-market live fed steer prices hit a record $175.87 on April 7, above the late-2014 peak. Feeder steer prices also rose sharply in Georgia and the Southern Plains. Packers continued to buy cattle as supplies tightened.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11010-cattle-prices-in-record-territory
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight cattle supplies and steady packer demand are pushing live and feeder cattle prices higher. Uncertainty over consumer beef demand and shrinking packer margins could limit further gains.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-11 | 5 | +3.0% | 3.1 | Record $175.87 five-market fed steer price on Apr 7 with packers still buying on tightening supplies supported futures higher. |
| LCATTLE | 2023-04-10 | 1 | +1.4% | 3.3 | Record five-market fed steer prices of $175.87 on April 7 showed tightening supplies and packer buying, a bullish fundamental that carried into the April 10 move. |

## Sources

- southernagtoday.org: https://southernagtoday.org/2023/04/11/cattle-prices-in-record-territory/

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