# Thankful for Higher Cattle Prices

> February live cattle futures rose $1.60 in the week to $137.70, the highest in over two months, following higher cash trade and the highest dressed prices in four years. January feeder cattle closed at $160.92 with a bullish reversal forming. Analyst commentary describes technical breakouts above resistance near $130 for live cattle.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12782-thankful-for-higher-cattle-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Stronger cash and dressed prices and packer buying interest support futures and feeder values, which raises the cost of cattle for feed buyers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-11-29 | 5 | +3.8% | 2.9 | Weekly gain and technical breakout above $130 resistance with highest dressed prices in four years fueled momentum buying. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2021/11/22/thankful-higher-cattle-prices

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