# Cattle Current Weekly Highlights-Week ending May 4, 2018 – Cattle Current Market Update

> Cattle markets held sideways to stronger in the week ending May 4, 2018, with packers buying fed cattle strongly. Negotiated cash fed cattle in the Southern Plains rose $2 to $126/cwt on Thursday, while June Live Cattle futures closed about 75 cents lower week to week. Feeder cattle auction volume reached about 250,000 head, the second-highest since early February.

- Date: 2018-05-04 · published 2018-05-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10632-cattle-current-weekly-highlights-week-ending-may-4-2018-cattle-current-market
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong packer demand supports cash fed cattle prices, but heavy feeder and calf receipts and a negative June basis signal that futures are pricing in softer supplies ahead. Feedlots and feeder buyers face mixed price signals.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-weekly-highlights-week-ending-may-04-2018/

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