In The Cattle Markets: Is Chicken The Problem?
Cattle prices have declined sharply since peaking in mid-February. Rising supplies of slaughter cattle are partly to blame. For example, the four-week rolling average of federally inspected cattle slaughter ranged from 2.3 to just 0.2% above a year earlier during February. In contrast during the last three weeks of March, federally inspected cattle slaughter was 3.7 to 4.9% larger than the prior year.