# Beefenomics: Cattle Market Update, Resilient Beef Demand | Ohio BEEF Cattle Letter

> Retail beef prices rose 3% in May from April and were 5% above a year earlier. Weekly beef cutout values are at historically high levels, approaching summer 2021 levels, and feeder and calf prices in Georgia are up roughly 50% year over year. The author notes some anecdotal shift toward chicken, while a recession is widely predicted.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35616-beefenomics-cattle-market-update-resilient-beef-demand-ohio-beef-cattle-letter
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Strong wholesale and retail beef prices support higher live and feeder cattle prices into the grilling season. Any consumer switch to chicken or a recession-driven pullback in demand would be a downside risk.

## Read by commodity

- CHICKEN: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- u.osu.edu: https://u.osu.edu/beef/2023/06/21/beefenomics-cattle-market-update-resilient-beef-demand/

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