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Cattle prices have retreated from record highs reached earlier this year, with national steer prices falling below year-ago levels by September. USDA lowered its Q3 and Q4 cattle price forecasts on weaker packer demand, and more than 67,000 Mexican cattle have entered the US since August.
Weaker packer demand and rising beef and cattle imports are pressuring cattle prices, which lowers the value of feeder cattle and reduces buyers' costs for feed-based finishing margins.
uat-cd.agwestfc.comNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
