# Peel: Strong Demand Fueling Higher Beef Cattle Prices

> Derrell Peel says strong demand across beef, pork and poultry is lifting cattle prices this spring, driven by grilling season and stimulus payments. He also notes high feed costs are a concern, with corn prices advancing and wheat harvest approaching, potentially shifting feedlots toward wheat.

- Date: 2021-04-16 · published 2021-04-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47734-peel-strong-demand-fueling-higher-beef-cattle-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong meat demand supports cattle prices, while rising corn costs could push feedlots to substitute cheaper wheat, shifting feed demand between grains.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- pnwag.net: https://pnwag.net/peel-strong-demand-fueling-higher-beef-cattle-prices/

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