# Cattle Current Daily—Feb. 24, 2020 – Cattle Current Market Update

> Negotiated cash fed cattle traded steady to $1 higher at $120/cwt in the Southern Plains, and live cattle futures closed about 40 cents lower. Choice boxed beef rose 59 cents to $205.09, and USDA's outlook projected record US corn production for 2020-21.

- Date: 2020-02-22 · published 2020-02-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12062-cattle-current-daily-feb-24-2020-cattle-current-market-update
- 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

Heavy cattle supplies and weaker outside markets pressure futures, while the large projected corn crop points to ample feed supplies and lower feed costs.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-feb-24-2020/

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