# Strong demand for beef supporting prices | Business | swoknews.com

> Oklahoma State extension specialist Derrell Peel says strong domestic and export beef demand is supporting boxed beef and fed cattle prices. Fed cattle hit new seasonal highs above $130/cwt, and choice boxed beef recovered to $217. Beef production is up 4.7% year to date.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5398-strong-demand-for-beef-supporting-prices-business-swoknews-com
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Solid demand for beef supports fed cattle values despite rising production. Packers paying up for cattle keep feeder and fed prices firm.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- swoknews.com: https://www.swoknews.com/news/business/strong-demand-for-beef-supporting-prices/article_2770bca3-1617-5bd9-8031-920d4df8d71b.html

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