April 7, 2021 2019 BEEF CUTOUT RATIO SUGGESTS $136 FED CATTLE …“Fed cattle supplies slowly started to increase at a time when beef demand was also on the upswing and packers started to bump up against capacity constraints,” Kalo said. “In 2019, the ratio of fed cattle to the cutout was 1.91, which would imply fed cattle prices at around $136 per cwt. today.”…
