ANALYSIS: US 2026 Steer Prices Fell as Seasonal Demand Softened and Packing Capacity Declined
The relationship between 2026 and 2025 live steer prices has fully reversed over the course of the year. From January through mid-July, 2026 prices ran consistently above 2025 levels, peaking at $2.63/lb on 05/18/2026 versus just $2.25/lb a year earlier, a premium of roughly 17%. That changed abruptly in late July: the week of 07/20/2026 marked the first crossover, with 2026 ($2.35/lb) dipping below 2025 ($2.37/lb) for...
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