# Cattle Prices Continue to Climb | Industry News | feedlotmagazine.com

> Feeder steer prices continue to rise on tight cattle supplies, improved pasture conditions and lower year-over-year feed costs. USDA-based forecasts were raised for the coming quarters, with feeder steers at $209 per cwt in Q2 and $224 in Q3.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35182-cattle-prices-continue-to-climb-industry-news-feedlotmagazine-com
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight feeder supplies and lower corn costs support higher cattle values, while feedlots buy to lock in cheaper feed, which tends to keep feeder demand firm.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/news/industry_news/cattle-prices-continue-to-climb/article_f08a6e9c-21c7-11ee-8380-979c7bae7cea.html

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