Cattle Markets Just Hit Record Highs. Is More Price Upside Likely?

After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.

• May 11, 2023Fed, feeder cattle prices in record-high range - Canadian Cattlemen+0.6%
• May 23, 2025Import restrictions will weigh on cattle markets - High Plains Journal+0.1%
• Feb 17, 2026America's cattle herd hits smallest level since 1950s, pushing beef prices to record highs - Los Angeles Times+0.7%
• Aug 9, 2022Shrinking U.S. cattle herd signals more pain from high beef prices+1.8%
• Apr 24, 2025Fischer: Prices For Cattle Remain High+1.8%

After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.

• May 11, 2023Fed, feeder cattle prices in record-high range - Canadian Cattlemen-0.4%
• May 23, 2025Import restrictions will weigh on cattle markets - High Plains Journal+1.2%
• Feb 17, 2026America's cattle herd hits smallest level since 1950s, pushing beef prices to record highs - Los Angeles Times-0.5%
• Aug 9, 2022Shrinking U.S. cattle herd signals more pain from high beef prices-0.7%
• Apr 24, 2025Fischer: Prices For Cattle Remain High+1.5%