# CattleFax forecasts continued strong demand, high prices - Texas Farm Bureau

> CattleFax's 2026 outlook projects steady to higher cattle prices, with a fed steer average near $224 per hundredweight and feeder steer prices trending higher. It cites historically tight cattle inventories and strong beef demand, and says the market may be near cyclical highs.

- Date: 2026-03-04 · published 2026-03-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/20117-cattlefax-forecasts-continued-strong-demand-high-prices-texas-farm-bureau
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A forecast of tight supply and firm demand supports cattle prices, with feeder cattle expected to lead the gains.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | +0.9% | +0.1% |
| LCATTLE | 2023-07-24 | [July U.S. cattle herd down 3%, cattle on feed down 2% - Texas Farm Bureau](https://feedsoft.ai/events/34998-july-u-s-cattle-herd-down-3-cattle-on-feed-down-2-texas-farm-bureau.md) | -0.0% | +0.0% |
| LCATTLE | 2022-11-16 | [Canadian cattle numbers see significant drop, strong demand for beef continues - Canadian Cattlemen](https://feedsoft.ai/events/38613-canadian-cattle-numbers-see-significant-drop-strong-demand-for-beef-continues.md) | +0.9% | +2.1% |
| LCATTLE | 2026-07-20 | [USDA Outlook Highlights Tight Cattle Supplies and Strong Beef Prices](https://feedsoft.ai/events/18489-usda-outlook-highlights-tight-cattle-supplies-and-strong-beef-prices.md) | -1.4% | -2.8% |
| LCATTLE | 2024-04-01 | [US cattle prices raised on firm demand - USDA
						 \| The Cattle Site](https://feedsoft.ai/events/30874-us-cattle-prices-raised-on-firm-demand-usda-the-cattle-site.md) | -2.2% | -1.9% |
| FCATTLE | 2017-11-20 | [Cattle on Feed Continues Strong Placements \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/68133-cattle-on-feed-continues-strong-placements-farm-bureau-intel-markets-american.md) | +1.8% | -2.7% |
| FCATTLE | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | +0.2% | +0.1% |
| FCATTLE | 2023-07-24 | [July U.S. cattle herd down 3%, cattle on feed down 2% - Texas Farm Bureau](https://feedsoft.ai/events/34998-july-u-s-cattle-herd-down-3-cattle-on-feed-down-2-texas-farm-bureau.md) | -0.1% | -0.1% |

## Sources

- texasfarmbureau.org: https://texasfarmbureau.org/cattlefax-forecasts-continued-strong-demand-high-prices/

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