# Cattle futures supported by the week's strong cash business - Brownfield Ag News

> Live and feeder cattle futures rose at the CME, supported by sharply higher cash trade and stronger cutout values. Southern live cattle deals were marked around $167, $4 above the prior week, and Northern dressed sales rose $5 to $6. Feeder cattle auction prices also advanced at Mitchell, South Dakota.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10376-cattle-futures-supported-by-the-week-s-strong-cash-business-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 cutout values signal solid packer demand for fed cattle, supporting live and feeder cattle prices going into the spring.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-03 | 1 | +1.2% | 3.4 | Sharply higher cash trade (about $4 above the prior week) and stronger cutout values on March 31 give fundamental support for follow-through buying on the next trading day. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-supported-by-the-weeks-strong-cash-business/

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