![]() ![]() “Numbers will tighten and weights will be pressured by feed prices early in the year,” Koontz explains. He believes second-quarter prices will run from $152 to $157, the third from $148 to $158 and the fourth from $150 to $160. Koontz forecasts first-quarter fed prices at $147 to $152 per cwt. for the first quarter, $156 for the second, $154 for the third and $156 for the fourth quarter. “I am assuming the beef demand will remain good, which means good demand for calves by feeders and fed cattle by packers.” Fed Cattle PricesĪnderson projects fat cattle to average about $151 per cwt. “Again, tighter supplies are a big reason for these prices,” he says. in the first quarter, $177 to $182 in the second, $178 to $188 in the third and $181 to $191 in the fourth quarter.Īnderson sees first-quarter feeder prices averaging $176, $177 in the second, $180 in the third and $183 in the fourth. “Again, the aggressive feeding of heifers and liquidation of beef cows will cause a substantial tightening of numbers, especially late in the year,” Koontz contends. Feedersįeeder prices will continue to be impacted by the recent drought. “The main thing impacting calf prices is reduced supplies.” Projections for 650- to 750-lb. “There will be strong interest in calves,” Koontz says. the first quarter, $198 to $210 the second, $210 to $220 the third and $220 to $230 to end the year. He sees them averaging $195 to $200 per cwt. He projects stout prices for calves in more northern regions. Koontz says, due to drought, it’s likely that cattle and calf prices will be more subdued in 2023 than in 2024. ![]() The main reason is fewer beef cows mean fewer calves for sale later in the year.” “I have my high in the fourth quarter, which is unusual. ![]() Continued high or higher corn prices will pressure cattle prices, but some relief would boost prices. “Of course, feed costs will be important. “Tighter supplies of calves is the biggest reason for my prices,” he says. calves in the southwestern region, Anderson sees first-quarter 2023 prices averaging $185 per hundredweight (cwt), the second quarter at $191, the third quarter at $200 and the fourth quarter at $215. But they encourage the use of price risk management to help manage market return.įor 500- to 550-lb. However, the lingering drought and potentially higher feed costs could temper the profit potential for producers and feeders alike.Įxtension economists David Anderson of Texas A&M University AgriLife and Stephen Koontz of Colorado State University see good markets for calves, feeder cattle and fed cattle. Cattle prices appear to remain strong for 2023 due to tight supplies and hopefully continued strong demand that has helped partially tame inflation worries among consumers. ![]()
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