# Global supply, seasonal shift lead to lower cattle market prices

> Cattle market prices fell sharply in November after a bullish first half of the year. The January 2024 feeder cattle contract dropped from about $268/cwt in mid-September to $219/cwt by end of November.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32824-global-supply-seasonal-shift-lead-to-lower-cattle-market-prices
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower feeder cattle values reduce the price feeders can pay for calves and yearlings, while softer fed cattle prices tighten feedlot margins and affect demand for feed.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- uaex.uada.edu: https://www.uaex.uada.edu/media-resources/news/2023/december/12-01-2023-ark-cattle-markets-fall.aspx

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