# Cattle futures gain ahead of direct business, on feed report - Brownfield Ag News

> CME live and feeder cattle futures rose sharply ahead of direct cash trade and the USDA Cattle on Feed report, with February live cattle up $1.72. Boxed beef Choice was down $2.16 and feeder steer sales in Iowa were $5 to $13 higher.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32260-cattle-futures-gain-ahead-of-direct-business-on-feed-report-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher cattle futures and firmer feeder prices in advance of a placement report that could show declines point to supportive cattle prices and steady feed demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-gain-ahead-of-direct-business-on-feed-report/

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