# Market Wrap-Up: May 2, 2022 | Western Livestock Journal

> Live and feeder cattle futures rallied on Monday, May 2, 2022, helped by lower corn prices. The June live cattle contract rose $2.55 to $135.20, and May feeder cattle gained over $5. Cash trade was light, and boxed beef edged higher.

- Date: 2022-05-02 · published 2022-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10561-market-wrap-up-may-2-2022-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

Cheaper corn lowers feeder cattle production costs, which supports feeder and live cattle prices. Light cash volume leaves the near-term price trend uncertain.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2022-05-01 | 1 | +3.2% | 3.5 | Market wrap confirms the May 2 rally in feeders, helped by lower corn prices, with May feeders up over $5. |

## Sources

- wlj.net: https://www.wlj.net/market-wrap-up-may-2-2022/
- wlj.net: https://www.wlj.net/market-wrap-up-may-4-2022/

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