# Cattle Current Daily-Oct. 29, 2018 – Cattle Current Market Update

> Negotiated cash fed cattle prices rose $3-$4 to mostly $114-$115/cwt on Friday, with dressed sales $6 higher at $180. Live and feeder cattle futures closed higher, supported by wholesale beef strength and position squaring.

- Date: 2018-10-28 · published 2018-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10107-cattle-current-daily-oct-29-2018-cattle-current-market-update
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher cash fed cattle prices raise the value of feeder cattle and support futures, while firm boxed beef values help packer margins.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-10-29 | 1 | +1.9% | 3.5 | Cash fed cattle rose $3-$4 and wholesale beef was strong, a demand and price signal that supports futures and the higher move heading into the 10/29 session. |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-oct-29-2018/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.