# U.S. cattle prices continue to erode as supplies rise | Capital Press

> Rising beef supplies and large competing protein supplies are eroding fed cattle prices. Rabobank cut its fourth-quarter fed steer forecast by $5 to $125 per cwt after the third-quarter average ran at $117.

- Date: 2016-09-28 · published 2016-09-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11105-u-s-cattle-prices-continue-to-erode-as-supplies-rise-capital-press
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Heavier beef output and rival proteins weigh on fed cattle prices, and carcass weight trends will determine tonnage and price direction for the rest of the year.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2016/09/28/u-s-cattle-prices-continue-to-erode-as-supplies-rise/

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