# Cattle prices in record territory

> 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.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6115-cattle-prices-in-record-territory
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/cattle-news/cattle-prices-in-record-territory

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