# K-State livestock economist is optimistic about future of cattle price

> Kansas State economist Glynn Tonsor said the cattle herd expansion is continuing at a slower pace and that the industry looks optimistic. He noted that 2017 steer calf prices are above 2016 levels but have eased from April highs to about $166.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69585-k-state-livestock-economist-is-optimistic-about-future-of-cattle-price
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A continuing but moderating herd expansion and better-than-average price expectations support steady cattle demand for feed over the next two years.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock/k-state-livestock-economist-optimistic-about-future-of-cattle-prices

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