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FED CATTLE PRICES SETTING ALL TIME RECORD HIGHS
Apr. 11, 2023
by Greg Henderson, Drovers
Packers chased finished cattle into the evening on Wednesday last week and the result was another rally in cash prices to new record highs.
Cash fed cattle prices traded in the North at $174 to $177 per cwt., eclipsing the previous mark set in November 2014 of $171.38. Dressed prices reached $275 to $280 per cwt. Both categories are $2 to $6 higher than the previous week. The South traded at $170 live which is $3 to $4 higher.
The surge in cash prices reflects the shrinking supply of market-ready cattle and declining weights.
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