# Feeder cattle markets slump as grain prices climb - CME
						 | The Cattle Site

> CME feeder cattle futures fell on Friday as grain and soybean futures rallied on concerns that heat and dryness in the US Midwest will cut autumn yields. September feeders closed down 2.05 cents at 182.20 cents per lb, and October live cattle settled 0.60 cents lower. Lean hog futures ended mixed.

- Date: 2022-08-28 · published 2022-08-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40177-feeder-cattle-markets-slump-as-grain-prices-climb-cme-the-cattle-site
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher corn and soybean prices raise feed costs for feedlots, which pressures feeder and live cattle values. Weather-driven grain strength is feeding directly into livestock margins.

## Read by commodity

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

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/59112/feeder-cattle-markets-slump-as-grain-prices-climb-cme

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