# Cattle Market Update - AG INFORMATION NETWORK OF THE WEST

> CattleFax senior analyst Kevin Good says cattle leaving feedlots are profitable and deferred live cattle futures trade at a notable discount. He forecasts feeder cattle averaging about $130 per cwt for a 750-pound animal and about $150 for 550-pound steer calves. He describes the outlook as guardedly optimistic.

- Date: 2017-03-10 · published 2017-03-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72139-cattle-market-update-ag-information-network-of-the-west
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Feedlot profitability and discounted deferred futures suggest room for cattle prices to firm as supply tightens. Improving feeder economics also signal better prices for cow-calf producers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- aginfo.net: https://www.aginfo.net/report/36624/Land-Livestock-Report/Cattle-Market-Update

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