# Cattle Prices Start 2024 Higher Than Last Year | Industry News | feedlotmagazine.com

> Feeder steers at Oklahoma City averaged $215.79/cwt in the first sale of 2024, down nearly $8 from December 18 but more than $37 above a year earlier. USDA's 2024 feeder steer price forecast is unchanged at $242/cwt, 11% above 2023, citing tightening feeder supplies.

- Date: 2024-01-24 · published 2024-01-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32256-cattle-prices-start-2024-higher-than-last-year-industry-news-feedlotmagazine-com
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tightening feeder cattle supplies and a steady forecast support higher feeder cattle prices through 2024, which raises feed cost exposure for feedlot buyers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2025-01-29 | [Fewer Cattle on Feed \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/8610-fewer-cattle-on-feed-industry-news-feedlotmagazine-com.md) | -4.8% | -2.6% |
| FCATTLE | 2025-02-05 | [Cattle Inventory Report \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/25984-cattle-inventory-report-industry-news-feedlotmagazine-com.md) | -1.3% | +2.9% |
| FCATTLE | 2024-07-19 | [Cattle Prices Projected Higher From Last Month \| Feedlot Special \| feedlotmagazine.com](https://feedsoft.ai/events/29402-cattle-prices-projected-higher-from-last-month-feedlot-special-feedlotmagazine.md) | +0.9% | -3.7% |
| FCATTLE | 2025-07-29 | [Feeder Cattle Prices Projected Higher From Last Month \| Feedlot Special \| feedlotmagazine.com](https://feedsoft.ai/events/23917-feeder-cattle-prices-projected-higher-from-last-month-feedlot-special.md) | +0.6% | +8.2% |
| FCATTLE | 2026-04-27 | [Cattle Market Discussion \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/19846-cattle-market-discussion-industry-news-feedlotmagazine-com.md) | +1.0% | -4.8% |
| LCATTLE | 2025-01-29 | [Fewer Cattle on Feed \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/8610-fewer-cattle-on-feed-industry-news-feedlotmagazine-com.md) | -1.5% | -4.5% |
| LCATTLE | 2024-09-25 | [September Cattle on Feed \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/28444-september-cattle-on-feed-industry-news-feedlotmagazine-com.md) | +0.9% | +2.3% |
| LCATTLE | 2025-02-05 | [Cattle Inventory Report \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/25984-cattle-inventory-report-industry-news-feedlotmagazine-com.md) | -1.1% | -4.6% |

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/news/industry_news/cattle-prices-start-2024-higher-than-last-year/article_b221636c-b93f-11ee-ad10-8f103782aaae.html

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