With the first week of June comes the cattle market’s transition to summer prices. Seasonal trends typically sway markets in various directions across different cattle classes. However, the Russian invasion of Ukraine caused a counter-seasonal dip in March. While calf prices in April and May have historically decreased, the hit was more pronounced than usual due to the crisis.
Feeder cattle saw the highest prices in February but declined noticeably by May. The market usually sees a typical increase of one to two percent during that period. Boxed beef prices also did not post their usual peak numbers ahead of grilling season. Post-Memorial Day analysis of consumer beef demand will set the tone for beef markets upon release.
Read more on cattle prices and their transition to summer here.
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