ANALYSIS: US 2026 Cattle Market Pulls Back From Record Territory as Drought and Feed Costs Loom
Live steer prices have declined for the first time since December 2025. According to the United States Department of Agriculture Five Area Direct Cattle report, current live steer prices are around $239/cwt. While prices have softened in recent weeks, they remain historically strong, roughly 20% higher than the same time in 2025. Prices have pulled back about 3% from the recent record high of $246/cwt, the...
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