# OSU’s Derrell Peel- Cattle Prices March Higher…and Higher - Oklahoma Farm Report

> Oklahoma State economist Derrell Peel says feeder cattle prices have risen sharply in 2023, with lightweight calves and stockers about 45% higher year over year. The US beef cow herd on January 1 was the smallest since 1962 and is still shrinking.

- Date: 2023-09-04 · published 2023-09-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34261-osu-s-derrell-peel-cattle-prices-march-higher-and-higher-oklahoma-farm-report
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A shrinking cow herd and smaller feeder supplies mean tight beef supply, which supports cattle prices and keeps them near record levels.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2023/09/04/osus-derrell-peel-cattle-prices-march-higher-and-higher/

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