# Live Cattle Commodity Update for the Week Ending May 05, 2023 | Farms.com

> 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.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5158-live-cattle-commodity-update-for-the-week-ending-may-05-2023-farms-com
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-05-05 | 5 | -4.2% | -5.1 | Weekly data confirm the roughly 2% decline to 161.925 with a low on May 4, matching the move magnitude. |

## Sources

- farms.com: https://www.farms.com/ag-industry-news/live-cattle-commodity-update-for-the-week-ending-may-05-2023

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