# Feedlots hold out for higher cash trade | Western Livestock Journal

> Live cattle futures climbed to new highs during the week, with August closing near $194.17. Feedlots held out for higher cash bids, with cash steers trading $196-200 and the market at an all-time high cash level.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29891-feedlots-hold-out-for-higher-cash-trade-western-livestock-journal
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Strong cash prices and tight slaughter supplies support fed cattle values, while futures catching up to cash could keep feeder cattle prices firm.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/feedlots-hold-out-for-higher-cash-trade/

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