# Will the CME Feeder Cattle Index Top $250 This Week?

> DTN analyst ShayLe Stewart asks whether the CME Feeder Cattle Index can top $250/cwt this week, noting the index and continuous feeder contract trade at levels not seen since 1991. The column attributes the rally to cheaper corn, limited cattle supplies and strong beef demand.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34727-will-the-cme-feeder-cattle-index-top-250-this-week
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight feeder supplies and firm beef demand keep feeder cattle prices elevated, which raises the cost of finishing cattle for feedlots and the value of feed bought against them.

## Read by commodity

- FCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/08/30/bullish-bearish-look-will-cme-feeder

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