# US fed cattle prices hit 11-month low as USDA trims fourth-quarter forecast

> 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.

- Date: 2026-11-12 · published 2026-11-13T15:09:22.322Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/97967-us-fed-cattle-prices-hit-11-month-low-as-usda-trims-fourth-quarter-forecast
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- cropli.io: https://cropli.io/livestock/2026/11/12/us-cattle-prices-sink-to-11-month-low-after-steepest-summer-slide-since-2017

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