# US cattle prices raised on firm demand - USDA
						 | The Cattle Site

> USDA's March Livestock, Dairy, and Poultry Outlook raised its 2024 fed steer price projection to $183.00 per cwt and its feeder steer forecast to $254.00. Feeder steer prices reached $249.15 in mid-March, close to $62 above a year earlier. Fed cattle carcass weights are heavier than a year ago.

- Date: 2024-04-01 · published 2024-04-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30874-us-cattle-prices-raised-on-firm-demand-usda-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher USDA cattle price forecasts reflect firm demand and tighter market-ready supplies, supporting cattle values and the feed demand tied to finishing.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-02-22 | [US beef cow herd declines
						 \| The Cattle Site](https://feedsoft.ai/events/42850-us-beef-cow-herd-declines-the-cattle-site.md) | -0.7% | -2.3% |
| LCATTLE | 2024-04-23 | [Live cattle futures jump on supportive USDA feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site.md) | +0.8% | +0.9% |
| LCATTLE | 2021-01-22 | [CME update: live cattle futures surge ahead of USDA Cattle on Feed report
						 \| The Beef Site](https://feedsoft.ai/events/49286-cme-update-live-cattle-futures-surge-ahead-of-usda-cattle-on-feed-report-the.md) | +0.7% | +2.4% |
| LCATTLE | 2024-09-23 | [US cattle futures finish higher, USDA data seen as neutral - CME
						 \| The Cattle Site](https://feedsoft.ai/events/28447-us-cattle-futures-finish-higher-usda-data-seen-as-neutral-cme-the-cattle-site.md) | +0.9% | +2.8% |
| LCATTLE | 2020-07-29 | [Few surprises in the USDA cattle reports \| AGDAILY](https://feedsoft.ai/events/52056-few-surprises-in-the-usda-cattle-reports-agdaily.md) | +1.4% | +7.1% |
| FCATTLE | 2022-02-22 | [US beef cow herd declines
						 \| The Cattle Site](https://feedsoft.ai/events/42850-us-beef-cow-herd-declines-the-cattle-site.md) | -4.7% | -5.6% |
| FCATTLE | 2024-04-23 | [Live cattle futures jump on supportive USDA feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/30878-live-cattle-futures-jump-on-supportive-usda-feedlot-data-cme-the-cattle-site.md) | +2.1% | +1.6% |
| FCATTLE | 2021-01-22 | [CME update: live cattle futures surge ahead of USDA Cattle on Feed report
						 \| The Beef Site](https://feedsoft.ai/events/49286-cme-update-live-cattle-futures-surge-ahead-of-usda-cattle-on-feed-report-the.md) | -0.1% | +2.4% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/us-cattle-prices-raised-on-firm-demand-usda

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