# What to expect from cattle prices, herd rebuilding in 2024  - High Plains Journal

> Oklahoma Extension economist Derrell Peel expects cattle prices to keep rising, with 500-pound steers reaching $4 per pound, fed cattle over $2, and cull cows over $1 before prices plateau. He anticipates beef cow slaughter will fall 15-20% in 2024 as herd rebuilding gets underway.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31325-what-to-expect-from-cattle-prices-herd-rebuilding-in-2024-high-plains-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Persistently tight herd numbers and falling cow slaughter support higher cattle prices and reduce beef supply, underpinning strong feeder cattle demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- hpj.com: https://hpj.com/2024/03/01/what-to-expect-from-cattle-prices-herd-rebuilding-in-2024/

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