# Market outlook: Record prices and equal uncertainty | Western Livestock Journal

> The Western Livestock Journal describes a US cow herd at a 60-year low, with feeder cattle prices at records that exceed hedgeable breakevens. Feedlots are relying on cheap feed and steady consumer demand.

- Date: 2024-08-19 · published 2024-08-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28721-market-outlook-record-prices-and-equal-uncertainty-western-livestock-journal
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight feeder supply and expected heifer retention point to higher feeder cattle prices in the near term, and feed costs affect feedlot margins.

## Read by commodity

- CORN: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/market-outlook-record-prices-and-equal-uncertainty/

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