# Optimism for cattle feeding returns dwindles

> The Livestock Marketing Information Center estimates cattle placed in July will need closeout prices above $188/cwt in January to break even. Feeder steer prices in Dodge City have risen about 40% in eight months to $242/cwt, and futures suggest profits through 2023.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34732-optimism-for-cattle-feeding-returns-dwindles
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Rising feeder costs narrow feeding margins and reduce the incentive to place cattle, which can cut future demand for feed grains.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: neutral

## Sources

- beefmagazine.com: https://www.beefmagazine.com/farm-business-management/optimism-for-cattle-feeding-returns-dwindles

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