# Beef Brief-May 22, 2024 - Red Angus

> Fed cattle traded at $186 in both the north and south for the week ending May 17, with cutter cow cutout up $1.03 to $271.75. National feeder steer averages rose to $259.23, and Choice boxed beef gained $18.88 to $313.45. Live cattle futures closed $4.53 to $4.93 higher across the front three months.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6978-beef-brief-may-22-2024-red-angus
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Broad gains in fed, feeder and boxed beef prices reflect firm beef demand and tight supplies, supporting cattle futures and feeder values. Red meat output running 1% below last year limits supply growth.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- redangus.org: https://redangus.org/beef-brief-may-22-2024/

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