# Cattle futures higher on cash optimism - Brownfield Ag News

> Brownfield reports live and feeder cattle closed higher on Wednesday, supported by firm cash optimism and higher boxed beef values at midday. Direct cash trade was at a standoff, with bids at $128 live and sellers asking $130. December live cattle closed $1.70 higher at $131.65.

- Date: 2021-11-03 · published 2021-11-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44203-cattle-futures-higher-on-cash-optimism-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher cash and boxed beef prices underpin futures and show packers are willing to pay up. Cattle buyers should expect firm pricing in the near term.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-higher-on-cash-optimism-2/

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