# Cattle futures higher on short covering - Brownfield Ag News

> Cattle futures closed higher as contracts recovered from three days of sharp losses, with June live cattle up $1.22 to $103.50 and August feeder cattle up $2.00 to $138.72. Cash cattle trade was limited and prices had fallen, with some sales reported at $112 to $114 live.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11030-cattle-futures-higher-on-short-covering-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The bounce came from oversold conditions and short covering rather than new supply or demand news, so the price recovery may be limited while cash trade remains weak. Feeder cattle costs are likely to stay volatile in the near term.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-higher-on-short-covering/

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