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Live cattle prices ended the week of May 1, 2023 at 161.925, down 2.1% from the prior week's close of 165.475. The weekly low was 161.575 on May 4, while prices were up about 6.8% from a year earlier.
A modest weekly decline with prices still well above last year signals firm but softening cattle values. Feed buyers should expect continued high cattle prices to support feeder demand.
farms.comBaseMay 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Weekly data confirm the roughly 2% decline to 161.925 with a low on May 4, matching the move magnitude.
