# Market update – Wyoming Livestock Roundup

> Fed cattle prices have firmed about $1 per cwt to around $124 over two weeks, with bids in Texas reaching $126. Fed cattle carryover has risen through October, and the Choice/CAB spread is near record width.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44699-market-update-wyoming-livestock-roundup
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Packers have little incentive to raise bids until the fed cattle carryover shrinks, so prices are likely to stay flat in the near term, limiting feedlot feed demand growth.

## Read by commodity

- LCATTLE: neutral

## Sources

- wylr.net: https://www.wylr.net/2021/10/29/market-update-9/

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