# CME update: live cattle futures sink amid larger Wall Street retreat
						 | The Cattle Site

> U.S. live cattle futures fell more than 2% on January 4 on ample beef supplies and fund selling as Wall Street declined. Feeder cattle dropped about 3% as corn rose to nearly $5 a bushel, the first time since 2014. Analysts expect a drop-off in cattle supplies in the second quarter of 2021.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10528-cme-update-live-cattle-futures-sink-amid-larger-wall-street-retreat-the-cattle
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Corn at multi-year highs squeezes feeding margins and pressures feeder cattle values. Heavy first-quarter cattle supplies keep near-term live cattle prices under pressure.

## Read by commodity

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

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/56363/cme-update-live-cattle-futures-sink-amid-larger-wall-street-retreat

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