# Live Cattle Prices End Higher on the Week; Fed Keeps Interest Rates Unchanged

> February live cattle closed up $2.27 to $185.22 in the week ending November 3, recovering from the bearish October on-feed report. Prices met resistance near $188, and the Federal Reserve's decision to hold rates led to a weaker US dollar.

- Date: 2023-11-06 · published 2023-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33329-live-cattle-prices-end-higher-on-the-week-fed-keeps-interest-rates-unchanged
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar supports US ag prices, and tight herd numbers keep the fundamental cattle outlook bullish. Traders are still watching the technical resistance near $188.

## Read by commodity

- DXY: bearish ▼
- LCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/sort-cull/blog-post/2023/11/06/live-cattle-prices-end-higher-week

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