# Fed Cattle Prices Set Record, Taking Out 2014 Levels and The Tightest Numbers Are Yet to Come

> Fed cash cattle prices hit record levels in mid-April 2023, with the national weighted average steer reaching $180.29, above the 2014 high. April live cattle futures also made all-time highs on the continuation chart. Analysts say the cycle differs from the last one as tight supply pulled prices ahead of the usual seasonal peak.

- Date: 2023-04-24 · published 2023-04-24T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6721-fed-cattle-prices-set-record-taking-out-2014-levels-and-the-tightest-numbers
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Historically tight supplies from drought-driven herd liquidation and a weather-delayed calf crop support higher cattle prices into peak demand season. Higher cattle costs raise feeding margins and the cost of beef-linked feed demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agweb.com: https://www.agweb.com/markets/livestock-markets/fed-cattle-prices-set-record-taking-out-2014-levels-and-tightest-numbers-are-yet-come

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