# Cattle Prices Quickly Move Past Friday's Cattle on Feed Report and Push Higher

> Live and feeder cattle futures closed notably higher on Monday, despite a Friday Cattle on Feed report that was somewhat bearish with placements up 6% year on year. September feeders rose $2.77 to $241.35, and October live cattle gained $1.27 to $176.97.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28969-cattle-prices-quickly-move-past-friday-s-cattle-on-feed-report-and-push-higher
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The rally reflects trader positioning and ample feeder resistance near $240, not a new supply shock. Feeder buyers should watch whether the move holds above that level.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/08/26/cattle-prices-quickly-move-past-feed-3

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