# CME live cattle rise on technicals, discount to cash market

> CME live cattle rallied on technical buying and as the futures contract narrowed its discount to cash prices. Feeder cattle gained as corn futures fell sharply for a second straight session and ended the week down nearly 10%.

- Date: 2022-07-01 · published 2022-07-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40624-cme-live-cattle-rise-on-technicals-discount-to-cash-market
- 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

Cheaper feed corn lowers feedlot costs and supports feeder cattle values, while the futures rally reflects a narrowing gap to cash trade.

## Read by commodity

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

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-cme-live-cattle-rise-on-technicals-discount-to-cash-market-idUKL1N2YI2BN/

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