# Weekly Livestock Comments for December 31, 2020 | Ohio BEEF Cattle Letter

> Fed cattle traded $2 higher than the prior week on a live basis, mostly at $109 to $112 live and $174 to $176 dressed. The five-area weighted average was $111.15 live, still well below a year earlier. Packers have leverage because cattle supplies are ample, and April live cattle futures came close to $120.

- Date: 2021-01-06 · published 2021-01-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10530-weekly-livestock-comments-for-december-31-2020-ohio-beef-cattle-letter
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Modest gains in fed cattle prices and firm futures suggest some underlying support for live cattle. Ample supplies and packer leverage limit how much prices can rise.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- u.osu.edu: https://u.osu.edu/beef/2021/01/06/weekly-livestock-comments-for-december-31-2020/

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