# Is the Spring 2023 Cash Cattle Market Pegged Correctly?

> DTN analyst ShayLe Stewart reviews the December WASDE, which left beef price forecasts unchanged and raised 2022 beef production by 70 million pounds. The article suggests the spring 2023 cash cattle high could reach around $155.

- Date: 2022-12-12 · published 2022-12-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38173-is-the-spring-2023-cash-cattle-market-pegged-correctly
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Steady USDA beef price forecasts and a cash market under pressure suggest limited near-term upside, while tight supplies keep the outlook supportive.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-11-22 | [Cattle Current Weekly Highlights—Week ending Nov. 22, 2019 – Cattle Current Market Update](https://feedsoft.ai/events/7035-cattle-current-weekly-highlights-week-ending-nov-22-2019-cattle-current-market.md) | +1.1% | +2.9% |
| LCATTLE | 2024-11-06 | [Weekly Cattle Market Trends: Cash Prices, Feedlot Margins, and Packing Plant Utilization - Beef Web](https://feedsoft.ai/events/27543-weekly-cattle-market-trends-cash-prices-feedlot-margins-and-packing-plant.md) | -1.0% | +1.0% |
| LCATTLE | 2022-03-11 | [Weekly global protein digest: Australia's beef herd recovering, HPAI, US dairy markets
						 \| The Cattle Site](https://feedsoft.ai/events/42221-weekly-global-protein-digest-australia-s-beef-herd-recovering-hpai-us-dairy.md) | +0.5% | +0.3% |
| LCATTLE | 2022-10-26 | [US Beef Demand Seen Falling in 2023 as Cattle Herd Continues to Shrink – The Van Trump Report](https://feedsoft.ai/events/39088-us-beef-demand-seen-falling-in-2023-as-cattle-herd-continues-to-shrink-the-van.md) | +0.7% | +1.6% |
| LCATTLE | 2020-09-28 | [USDA investigation shows cattle markets work](https://feedsoft.ai/events/51240-usda-investigation-shows-cattle-markets-work.md) | +1.0% | -0.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/sort-cull/blog-post/2022/12/12/spring-2023-cash-cattle-market

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