# CAB Insider: Seasonal Quality Grade Highs Likely Already Posted - Oklahoma Farm Report

> The April live cattle contract fell from $166 on March 7 to $161.50 on March 15 after financial sector turmoil raised beef demand concerns, then recovered to about $165. The CAB cutout hit a year-to-date high of $295/cwt early in March and averaged about $292 last week.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5601-cab-insider-seasonal-quality-grade-highs-likely-already-posted-oklahoma-farm
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Cutout softness and seasonal pullback pressure fed cattle, but expected spring beef demand and tightening cattle supplies support a recovery in prices.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2023/03/29/cab-insider-seasonal-quality-grade-highs-likely-already-posted/

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