# High prices, low volatility

> Beef Magazine reports that live cattle and feeder cattle futures are at or near life-of-contract highs, with the April 2024 live cattle contract above $172 and the November 2023 feeder contract above $122. Tight supplies of fed cattle and consistent beef demand are cited as the drivers, while volatility remains moderate.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37001-high-prices-low-volatility
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight cattle supplies and high futures prices support strong feeder cattle values, while high corn and hay costs squeeze feedlot finishing margins and can weigh on feed demand for grains and byproducts.

## Read by commodity

- CORN: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/high-prices-low-volatility

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