U.S. Fed Cattle Prices Drop to Multi-Month Lows

Fed cattle prices fell sharply, with the 5‑Area negotiated average for fed steers reaching $248 per cwt, about $7 lower than the previous week and one of the largest recent declines. Wholesale beef cutout values also slipped, with the Choice cutout averaging $383.39 per cwt, down $7.34, while the Select cutout fell $18.

The latest harvest estimate shows 529,000 head, 71,000 above the Independence Day week but 43,000 fewer than a year earlier. USDA reports anticipate the on‑feed cattle inventory to stay roughly 2 % above last year’s level, reflecting slower marketing and longer feeding periods. Upcoming releases include the Cattle on Feed report and the mid‑year Cattle Inventory report. Prices were reported across Wisconsin and surrounding state auction markets, affecting a range of quality grades and calf categories.