# Limited Supplies Send Feeder Cattle Prices Sharply Higher

> DTN reports feeder cattle sales were mostly higher in the week of July 24, with yearlings near $2,200 per head at the Northern Livestock Video Summertime Classic. Buyers were willing to pay high prices because feeder supplies are thin amid strong beef demand.

- Date: 2023-08-07 · published 2023-08-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34729-limited-supplies-send-feeder-cattle-prices-sharply-higher
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Thin feeder supplies at record prices squeeze feedlot returns and reduce the number of cattle entering feedlots, which lowers future feed grain demand from the sector.

## Read by commodity

- FCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/livestock/article/2023/08/07/limited-supplies-send-feeder-cattle

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