Cattle prices trade at all-time highs

Aside from a small correction toward the end of the 2023 calendar year, feeder cattle futures in the U.S. have been steadily climbing since the COVID-19 pandemic in 2020. In recent weeks, prices have traded to their highest levels ever, both in the cash market and on the board of trade.

The U.S. Department of Agriculture’s (USDA) weekly average steer price...