# Pete's Comments: Markets will strengthen | Western Livestock Journal

> Packers are making about $40 per head and are expected to slow slaughter through September, while the beef cutout is seen reaching a seasonal low. The latest Cattle on Feed report was deemed bearish, with placements at 105.8% of last year. USDA pegged 2024 beef production at 26.803 billion pounds.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28972-pete-s-comments-markets-will-strengthen-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Seasonal slowing in packer activity and a likely cutout low limit near-term demand for fed cattle, although tighter supplies by November support later prices. The outlook is mixed for feed-animal buyers.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- wlj.net: https://www.wlj.net/petes-comments-markets-will-strengthen/

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