ANALYSIS: 2026 US Boxed Beef Waits for Seasonal Demand as Live Cattle Markets Soar
Live steer prices have remained firm, rising nearly $29.00/cwt since the beginning of 2026. Since the end of April alone, live steer prices have climbed from approximately $246.00/cwt to $258.00/cwt, an increase of roughly 5% and a move to new record highs.
Several factors continue to support the rally in live cattle prices. Limited cattle availability remains a key driver, particularly following the closure of the border with Mexico due to concerns surrounding New World Screwworm. At the same time, the industry remains in the liquidation phase of the cattle cycle, with...
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