# Beef prices may back off as cattle prices increase

> Fed cattle bids were mostly steady and packers were not chasing extra cattle early in the month. The Choice cutout had fallen for four straight days as grilling season ended, and a weak jobs report and expiring unemployment benefits raised concern about beef demand.

- Date: 2021-09-03 · published 2021-09-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5296-beef-prices-may-back-off-as-cattle-prices-increase
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Softer wholesale beef and weaker demand could limit cattle price gains, while lower pork bellies and backing-off hog prices weigh on hog values.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Sources

- wisfarmer.com: https://www.wisfarmer.com/story/news/2021/09/03/beef-prices-may-back-off-cattle-prices-increase/5688866001/

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