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US fed cattle prices have fallen to their lowest level in almost a year, with five-area steers averaging $215.43 per hundredweight after the steepest summer slide since 2017. September feedlot placements hit a record low, and USDA trimmed its fourth-quarter fed cattle price forecast.
Ample ready supply lets packers buy cheaper while packer margins recover, pressuring feeder and live cattle prices and lowering the value of cattle that feed buyers’ livestock customers rely on. Record-low placements point to tighter feeder supplies ahead, which could later support feeder cattle prices.
cropli.ioEditorial TeamNov 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.
