# Livestock futures close sharply higher - Brownfield Ag News

> Live cattle contracts settled 2.00 to 2.85 higher to open August on a premium feedlot cash trade, and feeder cattle hit the daily limit. Sharply lower corn futures also supported feeder cattle, while lean hogs closed mostly higher on profit taking.

- Date: 2016-08-01 · published 2016-08-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11078-livestock-futures-close-sharply-higher-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Firm cash cattle and lower corn costs support cattle prices, which can lift demand for cattle feed and bolster the feeder market.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/livestock-futures-close-sharply-higher-2/

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