# A Show of Support for Feeder Cattle

> April feeder cattle closed up $3.87 to $141.37 in the week ending Feb. 14, 2020, recovering from a January drop of over $9. April live cattle rose 52 cents to $120.32 after hitting a four-month low midweek, and commercial traders were net long feeder contracts.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12520-a-show-of-support-for-feeder-cattle
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Early 2020 selling was pressured by trade and coronavirus concerns, but strong retail beef demand and commercial buying gave support near $135. Price direction depends on whether support holds.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2020/02/18/show-support-feeder-cattle

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