# 2023 cattle markets: The year so far and the second half ahead

> Cattle prices have risen sharply in the first half of 2023, with the five-market fed cattle price averaging 30.3% higher year over year in June. Beef production in the first 24 weeks was down 4.9%, and yearling slaughter was down 3.0%. The key question for the second half is how quickly producers rebuild herds.

- Date: 2023-07-03 · published 2023-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35213-2023-cattle-markets-the-year-so-far-and-the-second-half-ahead
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight supplies and falling beef output support cattle prices, and feeder demand depends on whether herd rebuilding starts. Slower rebuilding would keep feeder cattle and feed demand firm.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/2023-cattle-markets-the-year-so-far-and-the-second-half-ahead

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