# Cattle futures sharply lower to start the week - Brownfield Ag News

> Live and feeder cattle closed sharply lower on Monday October 23 at the CME, pressured by Friday's USDA On Feed report. December lives closed at $178.35 and November feeders at $235.80, while cash trade was quiet and auction feeder prices fell $4 to $8.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10311-cattle-futures-sharply-lower-to-start-the-week-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Bearish report-driven selling and lower auction prices point to weaker feeder cattle values, which reduces feedlot margins and near-term feed demand.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-10-23 | 1 | -1.2% | -3.4 | Directly describes the Oct 23 sharp selloff in live cattle futures, pressured by the bearish On Feed report, which matches the date and size of the move. |
| LCATTLE | 2023-10-22 | 1 | -1.6% | -5.1 | Describes the sharp Monday Oct 23 selloff in live and feeder cattle driven by the On Feed report, which is the move being explained. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-sharply-lower-to-start-the-week-3/

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