# Direct cash cattle trade picks up steam Thursday - Brownfield Ag News

> CME live and feeder cattle futures rose sharply on Thursday, supported by strong direct cash trade and USDA cattle inventory data. Live cattle traded in the $178-179 range in parts of Texas and Kansas, and feeder steers at Hub City sold at $271-293. Boxed beef Choice rose to $294.94.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31816-direct-cash-cattle-trade-picks-up-steam-thursday-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher cash cattle prices and firm boxed beef support feeder and live cattle values, which keeps feedlot margins tight and feed demand steady.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/direct-cash-cattle-trade-picks-up-steam-thursday/

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