LUBBOCK, TEXAS (RFD NEWS) — Cash fed cattle prices have pulled back in recent weeks, even as boxed beef values and consumer demand continue moving higher.
Analysis from Certified Angus Beef’s Paul Dykstra shows cash cattle traded near $234 per hundredweight last week, down from roughly $243 two weeks earlier. Pressure has come from broader market uncertainty tied to geopolitical tensions, weaker Live Cattle futures, and smaller weekly harvest volumes that have given packers added leverage. A strike at the JBS Greeley plant has also disrupted regional flows, shifting cattle to other facilities.
At the same time, carcass weights remain unusually heavy, down just 4 pounds since January, compared to a typical 16-pound seasonal decline. That suggests feedyards are becoming less current on market-ready cattle, even with historically tight supplies.
Wholesale beef values are moving in the opposite direction. Cutout prices have surged alongside strong demand, with retail beef prices hitting a record $9.64 per pound in February.
Higher grading is also reshaping the market. Prime carcasses are expected to exceed 14 percent of the mix in 2026, expanding premium beef supply and supporting broader demand growth.
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