# Market Wrap-Up: Jan. 4, 2021 | Western Livestock Journal

> Cattle markets lost the slight momentum they had built at the end of 2020 as live and feeder cattle contracts fell. The February live cattle contract dropped $2.72 to $112.30 while corn prices hit levels not seen in six years. Cash cattle trade was thin, with 718 head sold at an average of $110.

- Date: 2021-01-04 · published 2021-01-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10526-market-wrap-up-jan-4-2021-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Corn at multi-year highs raises feedlot cost of gain and pushes feeder buyers to lower their bids. This keeps feeder and live cattle prices under pressure.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- wlj.net: https://www.wlj.net/market-wrap-up-jan-4-2021/
- wlj.net: https://www.wlj.net/market-wrap-up-jan-6-2021/

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