# Short Supplies, Higher Beef Prices

> The fed cattle market has stagnated since mid-July on small slaughter counts, with last week's $183 per cwt fed steer price the lowest since mid-July. Packer margins returned to profitability after dipping below breakeven in late July and August. Boxed beef cutout values rose about 4.6% from the early August low.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34718-short-supplies-higher-beef-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Restricted slaughter supports fed cattle and beef values, which tends to sustain cattle feeding demand and feed use, though seasonal Labor Day buying drives much of the recent move.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/news/feedlot_special/short-supplies-higher-beef-prices/article_598afb38-480f-11ee-b431-874669d8feab.html

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