# Cattle futures supported by cash optimism - Brownfield Ag News

> Live and feeder cattle futures closed higher at the CME on optimism about cash trade, with feeders also supported by a lower corn market. Cash bids were scarce, with early asking prices around $174 to $175 live in the South, and feeder steers at Missouri auctions traded higher.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36530-cattle-futures-supported-by-cash-optimism-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Firm cash cattle and feeder prices raise the cost of feeder inputs for buyers, while lower corn offers partial relief on feeding costs.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-11 | 5 | +3.0% | 3.1 | On Apr 11 live cattle futures closed higher on cash optimism with scarce bids and asking prices of $174-175, plus lower corn supporting feeders. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-supported-by-cash-optimism/

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