# Ohio BEEF Cattle Letter | A publication of the Ohio State University Extension  Beef Team. Contributors include members of the OSU Beef Team and beef cattle specialists and economists from across the U.S. | Page 53

> Cattle prices at southeastern auction markets dipped in August, with 500 to 600 pound steers falling from about $270 to near $250 per cwt. CME October feeder futures traded near $240, down from roughly $256 at the end of July.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28973-ohio-beef-cattle-letter-a-publication-of-the-ohio-state-university-extension
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

The decline in regional and futures feeder prices reflects softer demand and seasonal pressure, cutting into cattle-feeding margins. Buyers can expect feeder cattle costs to ease from recent highs.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- u.osu.edu: https://u.osu.edu/beef/page/53/

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