# Pete’s Comments: Improvement on horizon | Western Livestock Journal

> Western Livestock Journal publisher Pete Crow comments that fed cattle prices are reaching new highs and fall feeder contracts trade near $160. He cites about 900,000 fewer feeder cattle outside feedyards, drought affecting roughly 38% of the nation's cattle inventory, and a rise in beef cow slaughter.

- Date: 2021-07-02 · published 2021-07-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46238-pete-s-comments-improvement-on-horizon-western-livestock-journal
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A shrinking feeder pool and drought-driven liquidation tighten supply, supporting feeder cattle prices into the fall marketing period.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/petes-comments-improvement-on-horizon/

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