# Beef herd contraction supports cattle prices | Capital Press

> Capital Press reports Oklahoma feeder steer prices rose 18.2% year over year for the week ending August 20, and fed steer prices were up 17%. USDA's Economic Research Service expects prices to level out this year and rise in 2023 as the beef herd contracts.

- Date: 2022-08-23 · published 2022-08-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Robust slaughter and a shrinking herd with the lowest heifer retention since 1973 support higher cattle prices, which raises feeder and fed cattle costs for feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2024-06-13 | [Cattle prices holding; production contracting](https://feedsoft.ai/events/29679-cattle-prices-holding-production-contracting.md) | +0.9% | +0.4% |
| FCATTLE | 2025-02-03 | [Continued Contraction Supports Record Prices - farmdoc daily](https://feedsoft.ai/events/25982-continued-contraction-supports-record-prices-farmdoc-daily.md) | -3.9% | -0.6% |
| FCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +13.4% | +12.5% |
| FCATTLE | 2019-11-13 | [Analyst: Fewer cattle bode well for prices \| Capital Press](https://feedsoft.ai/events/56000-analyst-fewer-cattle-bode-well-for-prices-capital-press.md) | -0.8% | -3.4% |
| FCATTLE | 2023-04-03 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/10378-national-feeder-and-stocker-cattle-report-capital-press.md) | +0.0% | +4.4% |
| LCATTLE | 2024-06-13 | [Cattle prices holding; production contracting](https://feedsoft.ai/events/29679-cattle-prices-holding-production-contracting.md) | +1.9% | +1.8% |
| LCATTLE | 2025-02-03 | [Continued Contraction Supports Record Prices - farmdoc daily](https://feedsoft.ai/events/25982-continued-contraction-supports-record-prices-farmdoc-daily.md) | -0.8% | -4.0% |
| LCATTLE | 2020-06-15 | [Cattle prices to rise as production, exports fall: ABARES - Beef Central](https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central.md) | -4.3% | -5.9% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/08/23/beef-herd-contraction-supports-cattle-prices/

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