# Blast Off! – The Beef

> Negotiated fed cattle prices in Texas and Kansas traded $9/cwt higher at $180, an all-time high, while northern feeders were bidding $187. CME live cattle futures posted a large rally, and the Choice boxed beef cutout rose to $307.07.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/5220-blast-off-the-beef
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Supply tightness after two record production years is driving cash and futures to record levels, supporting cattle prices and feed demand for the coming 18 to 24 months.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | Record negotiated cash fed cattle prices of $180 (+$9) and a higher Choice cutout drove a large futures rally in the window. |
| LCATTLE | 2023-06-05 | 5 | +4.3% | 4.1 | Record negotiated cash prices of $180 (up $9) and higher boxed beef drove a large futures rally. |

## Sources

- thebeefread.com: https://www.thebeefread.com/2023/06/01/blast-off-2/

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