# Cattle ranchers have no beef with sizzling prices as consumers keep buying - Dallasfed.org

> Texas A&M economist David Anderson discusses record cattle and beef prices, with the US herd at a six-decade low. Ranchers faced years of losses and rising costs before recent price gains, and drought forced herd cuts.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28723-cattle-ranchers-have-no-beef-with-sizzling-prices-as-consumers-keep-buying
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A small herd and steady retail demand keep cattle prices high, with rising pasture and fuel costs adding pressure on ranchers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- dallasfed.org: https://www.dallasfed.org/research/swe/2024/swe2411

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