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Cattle Prices Rise to New 2022 High

Posted June 21, 2022
in Top Ag News

Cattle in a feedlotNegotiated cash cattle prices posted new highs for 2022 this past week. The cash cattle trade was active in the North, at $145 to $149/cwt and $230 to $232 dressed – a $4 increase over the week prior. The previous high was in the first week of May at $143.42/cwt. Meanwhile, CME showed June live cattle increased 27.5 cents to $138.025, a weekly rise of $1.852. August also gained 27.5 cents, while August feeders rose from $1.65 to $172.95.

The heat dome that led to the unexpected deaths of thousands of cattle in Kansas will likely continue, further reducing the number of animals available to packers, forcing cash prices higher.

Read more on cash cattle prices here.

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