Beef Markets Strong in First Quarter

As the first quarter for U.S. beef profits come to a close, cattle markets close on a profitable note. Domestic demand remains a key revenue stream for the beef industry. Fed cattle have traded above $165, 7-8 cwt feeder cattle have traded above $190, and 5-6 cwt calves have traded near $235.

Live cattle futures neared their November 2014 all-time high price record. While it’s possible the market strength is an early spring rally, analysts see a likely ongoing trend into the second quarter, with even more of an increase in prices. Fundamentals remain the name of the game, backed by steady, strong domestic demand.

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