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Daily average five-market live fed steer prices reached $175.87 on April 7, 2023, a record above the November 2014 high. Calf and feeder cattle prices also rose sharply, with Georgia 700-800 lb steers climbing from $156 to $176 per cwt since January.
Lower feed prices are also supporting feeder cattle values.
Higher fed cattle prices pull feeder and calf values higher, and cheaper feed supports feeder margins. The main risk is whether beef demand holds as the Fed slows the economy.
farmprogress.comDavid P. AndersonApr 19, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
