# Impressive cattle rally

> Cattle futures have rallied since early October, with the December contract rising from a $125.00 low on Oct. 1 to $137.90 before Thanksgiving. Prices returned to summer highs, and an analyst expects a correction before the outlook into December stays positive.

- Date: 2021-11-29 · published 2021-11-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12512-impressive-cattle-rally
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong beef demand and a tight cattle cycle support higher cattle prices, which affects feedlot margins and demand for feed. A short-term correction is possible given overbought conditions.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/impressive-cattle-rally

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