# Texas Cattle Prices Well Below Five-year Average, Herd at Eight-year High - ProAg

> Texas feeder steer prices averaged $145 per hundredweight, about $5 below last year and $33 below the five-year average. The Texas beef herd reached an eight-year high of 4.65 million head. An August fire at a Kansas meatpacking plant, which handled 6% of US fed cattle capacity, added to the price decline.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57036-texas-cattle-prices-well-below-five-year-average-herd-at-eight-year-high-proag
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A large, growing cattle herd combined with reduced packing capacity keeps fed and feeder cattle prices under pressure, which lowers the cost of cattle-based feed demand but signals weak producer margins.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- proag.com: https://www.proag.com/news/texas-cattle-prices-well-below-five-year-average-herd-at-eight-year-high/

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