# Cattle futures pressured by lower wholesale values - Brownfield Ag News

> Live cattle futures closed weak at the CME ahead of direct cash trade and lower wholesale values, with December live cattle down $0.05 at $117.07. Feeder futures were pressured by a higher corn market, with November feeders down $0.80 at $152.50. Mobridge auction feeder calves were mixed, with steer calves $3 higher and heifer calves $2-3 lower.

- Date: 2018-11-02 · published 2018-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11216-cattle-futures-pressured-by-lower-wholesale-values-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)

## Why it matters

Higher corn costs weigh on feeder cattle values, and softer boxed beef values reduce packer bids for live cattle.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-pressured-by-lower-wholesale-values/

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