# Unexpected Weakness In Cattle Market - Mid-West Farm Report

> Wisconsin livestock specialist Jeff Swenson reports unexpected weakness in cattle markets in early November. The Choice cutout fell to around $302 and packers held back on country bids, while cash cattle were mostly steady.

- Date: 2023-11-10 · published 2023-11-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33330-unexpected-weakness-in-cattle-market-mid-west-farm-report
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Softer boxed beef values reduce packer willingness to bid up cattle, which pressures feeder and fed cattle prices. Markets are waiting for direction from the upcoming USDA reports.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2023-11-09 | 1 | -2.4% | -3.0 | Describes unexpected early-November cattle market weakness with the Choice cutout falling to about $302 and packers holding back bids, which adds to bearish sentiment around the drop, though the timing is less specific. |

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2023/11/10/unexpected-weakness-in-cattle-market/

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