ANALYSIS: US 2026 Live Cattle Rally Loses Steam, Steer Prices Fall Nearly 10% from Record Highs
The USDA Five Area Direct Live Steer Price has experienced a notable pullback in recent weeks after reaching record highs earlier in 2026. Prices climbed steadily from approximately $2.32/lb in early January to a peak of $2.63/lb during the week of May 18, reflecting historically tight cattle supplies and strong demand for fed cattle. Since that peak, however, the market has trended lower, falling to $2.38/lb by the week...
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