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It probably means that cattle prices haven’t hit bottom for this cycle. That’s the summary of the CattleFax annual outlook report delivered at the 2017 Cattle Industry Convention. Here’s the group’s breakdown by industry segment. Fed cattle. When finished cattle hit $170 per cwt a couple years ago, no one expected it to last. They were ...
Price forecast. Using its reams of data on situations that can impact cattle prices, CattleFax expects fed cattle prices to trade in the $105 to $110 range well into 2017. Feeder prices are forecast in the $120s, with calf prices projected in the $130s and $140s. “Half of the cow-calf producers are basically at breakeven now,” he said.
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Cattle prices were at $119 in January 2017, down $13 from the prior year. This is lowest monthly price for January since 2011. Cattle prices dropped $34 from January 2015 to January 2016. This is the largest drop on record. Cattle prices have been at or over $110 since 2011. Cattle prices (January ...
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Beef & Cattle Prices. Price Projections For Steers, Hogs, Broilers, Turkey, Milk & Eggs. Cattle prices are forecast higher for the remainder of 2016 and through the first half of 2017 as demand has improved and is expected to carry into early 2017.