# Fed prices leading cattle markets to record levels | Western Livestock Journal

> USDA reported a record daily five-market fed cattle cash price of $172.33/cwt on April 6, 2023, followed by $175.87/cwt the next day. Futures prices show a typical seasonal dip through the summer before recovering later in the year. The author expects feedlot inventories to keep falling, which could keep fed prices rising.

- Date: 2023-04-14 · published 2023-04-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6113-fed-prices-leading-cattle-markets-to-record-levels-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Shrinking feedlot inventories and tighter feeder supplies point to higher fed cattle prices than normal seasonal patterns would suggest. Feeder cattle prices are likely to follow fed cattle higher.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/fed-prices-leading-cattle-markets-to-record-levels/

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