# Pete's Comments: How high? | Western Livestock Journal

> Packers are struggling to lower cash fed cattle prices, which remain in the $180s in the North and $175 in the southern Plains at the end of July. Packers have cut slaughter as cutout values fall and they lose money, while thin cash trade in Texas, Oklahoma and New Mexico raises questions about formula base prices.

- Date: 2023-07-21 · published 2023-07-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35189-pete-s-comments-how-high-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Packers cutting slaughter to protect the beef cutout reduces demand for fed cattle, which pressures cash prices even though feeder supplies remain tight.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bearish ▼

## Sources

- wlj.net: https://www.wlj.net/petes-comments-how-high-2/

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