# Cattle futures supported by drop in corn - Brownfield Ag News

> Live and feeder cattle futures closed higher on June 30 as corn prices dropped, with feeders leading the gains. August live cattle closed $2.67 higher at $177.17 and August feeders closed $5.20 higher at $247.57. Cash live cattle trade in the South was mostly $178 to $179, $1 to $2 below the prior week.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35615-cattle-futures-supported-by-drop-in-corn-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower feed corn costs improve feeding margins and support feeder cattle values. Cash cattle softness in the week suggests the rally is driven more by input costs than by stronger beef demand.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-supported-by-drop-in-corn/

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