# Cattle futures pressured by beef, waiting for direct cash - Brownfield Ag News

> Chicago live cattle and feeder futures fell at midday as boxed beef declined. The USDA Cattle Inventory report showed inventory down 3%, close to expectations, and Oklahoma feeder sales were mostly steady.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37460-cattle-futures-pressured-by-beef-waiting-for-direct-cash-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower boxed beef and softer futures reflect near-term demand pressure, though the shrinking herd keeps longer-term cattle supply tight.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-pressured-by-beef-waiting-for-direct-cash/

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