# Call the Market

> DTN analyst ShayLe Stewart says feeder cattle futures have been mixed but the spot January contract closed above its 100-day moving average, signaling technical support. Cheap feed, expected thin feeder supplies next spring and the Fed's rate cut are cited as bullish drivers.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28010-call-the-market
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheap corn and abundant hay lower feeding costs, encouraging buyers to place feeders now, which supports feeder cattle prices and demand for feed grains.

## Read by commodity

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

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/10/23/feeder-cattle-market-hinting-higher

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