# US beef packers go underwater as the choice cutout slides

> US beef packers slipped into negative margins last week for the first time since mid-August as the Choice cutout headed for its lowest weekly average since late July. LEAP Market Analytics expects the cutout to trend lower into early 2027 on weaker demand, while seeing tighter cattle supplies in spring and summer 2027.

- Date: 2026-11-05 · published 2026-11-05T21:06:32.502Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/82369-us-beef-packers-go-underwater-as-the-choice-cutout-slides
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Softer wholesale beef demand and negative packer margins weigh on near-term cattle prices, while tight slaughter-ready supplies into 2027 could support later feeder and fed cattle values.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bearish ▼

## Sources

- vespertool.com: https://vespertool.com/news/us-beef-packers-fall-back-underwater-as-the-cutout-weakens/

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