# Cattle futures supported by strong wholesale values - Brownfield Ag News

> December live cattle closed $1.32 higher at $118.40 and feeder cattle gained on wholesale strength and higher cash trade. Direct cash deals were $114 to $115 live, and feeder calf prices were steady to higher at Fort Pierre.

- Date: 2018-10-26 · published 2018-10-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10108-cattle-futures-supported-by-strong-wholesale-values-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Stronger cash and wholesale values support futures and give feedlots room to bid higher for feeder cattle.

## 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 | Strong wholesale beef values and higher cash trade drove a $1.32 gain in December live cattle, which is the likely source of the large move and carried momentum. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-supported-by-strong-wholesale-values/

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