Fed cattle prices pushed higher last week and set another record weekly average price. The weekly 5-area average price two weeks ago was $173.10 per cwt which surpassed the previous peak price from November 2014. The average price last week rose even higher to $180.44 as cattle markets continued to gain strength.
Fed cattle prices are up over 14 percent since the start of the year. Shown in the chart above, fed cattle prices have been in an uptrend since 2020 when prices dropped to a weekly average low of $94.87 in July…
