# Steak prices are falling, but it may not last : NPR

> NPR reports that steak prices have fallen for three straight months as severe drought forces some ranchers to send cattle to slaughter early. About 60% of US cattle are in drought-affected areas. The early marketings are creating a temporary beef glut that is expected to reverse into higher prices later.

- Date: 2022-09-01 · published 2022-09-01T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/39730-steak-prices-are-falling-but-it-may-not-last-npr
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Drought-driven early slaughter adds short-term beef supply and depresses cattle prices now. Reduced herd numbers are likely to lift beef prices in coming periods, which matters for feed and cattle planning.

## Read by commodity

- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-10-31 | [Drought continues to impact timing of future marketings \| Ag Proud](https://feedsoft.ai/events/39290-drought-continues-to-impact-timing-of-future-marketings-ag-proud.md) | +1.1% | +2.7% |
| LCATTLE | 2024-09-10 | [Feeder and Live Cattle Markets Face Mixed Signals as Fall Approaches \| Center for Agricultural Profitability \| Nebraska](https://feedsoft.ai/events/28435-feeder-and-live-cattle-markets-face-mixed-signals-as-fall-approaches-center-for.md) | +0.3% | +4.5% |
| LCATTLE | 2026-06-03 | [Grain Market Pain Continues on Weather: Cattle Fall as NWS Nears - AgWeb](https://feedsoft.ai/events/10649-grain-market-pain-continues-on-weather-cattle-fall-as-nws-nears-agweb.md) | +0.0% | -0.7% |
| LCATTLE | 2018-07-29 | [Eastern Australia’s drought is bad news for agribusinesses « ROGER MONTGOMERY](https://feedsoft.ai/events/63983-eastern-australia-s-drought-is-bad-news-for-agribusinesses-roger-montgomery.md) | +0.5% | -2.3% |
| LCATTLE | 2018-06-07 | [Drought has changed the cattle price outlook - Brownfield Ag News](https://feedsoft.ai/events/64642-drought-has-changed-the-cattle-price-outlook-brownfield-ag-news.md) | +1.7% | -2.6% |

## Sources

- npr.org: https://www.npr.org/2022/09/01/1120080654/drought-climate-change-ranchers-cattle-beef-steaks-inflation-food-prices

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