# Steady week sees higher cash trade | Western Livestock Journal

> Cash fed cattle traded steadily over the week, with feedlots holding out for higher prices as packers sought supply. About 100,258 head sold in the week ending October 2, with live steers averaging $144.95. October live cattle futures gained $1.20 to close at $145.32.

- Date: 2022-10-07 · published 2022-10-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39291-steady-week-sees-higher-cash-trade-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Packers' need for cattle supports cash prices, which in turn underpin live cattle futures. Sideways trade signals no strong new direction for cattle prices.

## Read by commodity

- LCATTLE: neutral

## Sources

- wlj.net: https://www.wlj.net/steady-week-sees-higher-cash-trade/

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