# Feeder cattle futures supported by lower move in corn - Brownfield Ag News

> Feeder and live cattle futures rose on May 28, 2024 after the Friday On Feed report, with feeders leading gains on a lower corn move. Boxed beef was sharply higher at midday and August feeder cattle closed $4.37 higher at $264.60.

- Date: 2024-05-28 · published 2024-05-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30399-feeder-cattle-futures-supported-by-lower-move-in-corn-brownfield-ag-news
- 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 costs support feeder cattle values and feedlot margins, while tight feeder supplies keep cattle prices firm for buyers of feed.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/feeder-cattle-futures-supported-by-lower-move-in-corn/

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