# Fed prices leading cattle markets to record levels

> The USDA 5-market negotiated fed cattle price hit a record $172.33 per hundredweight on April 6, then $175.87 on April 7. Futures are priced for a seasonal dip into summer before rising late in the year. Feedlot inventories are beginning to fall, which analysts expect to keep fed prices climbing.

- Date: 2023-04-10 · published 2023-04-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8673-fed-prices-leading-cattle-markets-to-record-levels
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Falling feedlot inventories and tight feeder supplies point to higher fed cattle prices than the seasonal futures curve implies. Buyers should expect firm cattle costs.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-10 | 5 | +3.5% | 3.8 | Record 5-market negotiated fed cattle prices on April 6-7 and falling feedlot inventories supported the bullish supply-driven futures rally. |
| LCATTLE | 2023-04-10 | 1 | +1.4% | 3.3 | Record negotiated fed cattle prices of $172.33 on April 6 and $175.87 on April 7, with falling feedlot inventories, point to continued upward pressure on futures. |
| LCATTLE | 2023-04-11 | 5 | +3.0% | 3.1 | Record cash fed cattle prices and falling feedlot inventories point to continued price strength, though the piece is mainly commentary. |

## Sources

- extension.okstate.edu: https://extension.okstate.edu/programs/beef-extension/cow-calf-corner-the-newsletter-archives/2023/april-10-2023
- beefmagazine.com: https://www.beefmagazine.com/cattle-pricing/fed-prices-leading-cattle-markets-to-record-levels

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