# Cattle futures higher ahead of Friday's report - Brownfield Ag News

> Cattle futures on the CME closed higher on speculative buying and short covering, with June live cattle up $0.55 to $105.45 and May feeder cattle up $0.95 to $134.90. Direct cash cattle trade was quiet, with ready steers and heifers priced around $115 to $116 live, and traders expected trade to be delayed until late in the week ahead of the Cattle on Feed report.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11029-cattle-futures-higher-ahead-of-friday-s-report-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Futures strength ahead of a major USDA report signals expectations for firmer fed cattle values, which tends to support feeder cattle prices. Feeder cattle buyers should watch whether cash trade confirms the futures rally.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2018-05-24 | 1 | +6.3% | 5.8 | May 23 session saw speculative buying and short covering lifting cattle futures, with traders positioning ahead of the Cattle on Feed report, building momentum into the May 24 jump. |
| FCATTLE | 2018-05-29 | 5 | +10.1% | 3.4 | May 23 speculative buying and short covering ahead of the report began the rebound in feeder futures within the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-higher-ahead-of-fridays-report/

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