# LIVESTOCK-CME feeder cattle gain strength as corn prices plunge | MarketScreener

> CME feeder cattle futures firmed on July 26 as Chicago corn futures dropped sharply, lowering feed costs. Lean hogs mostly firmed on short-covering and a delayed seasonal pork demand lift, with the pork cutout at $106.22/cwt.

- Date: 2024-07-26 · published 2024-07-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29400-livestock-cme-feeder-cattle-gain-strength-as-corn-prices-plunge-marketscreener
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower corn lowers feedlot costs, supporting feeder cattle bids; the move is a routine daily wrap with no new fundamental shock.

## Read by commodity

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

## Sources

- marketscreener.com: https://www.marketscreener.com/news/latest/LIVESTOCK-CME-feeder-cattle-gain-strength-as-corn-prices-plunge-47485507/

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