# Markets head higher; cash cattle gain steam | Western Livestock Journal

> Cash cattle traded several dollars higher the week ending Oct. 24, with live steers averaging $126 and dressed steers $199. Live cattle futures rose through the week before losing momentum Thursday, while boxed beef prices began climbing ahead of the holidays.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44693-markets-head-higher-cash-cattle-gain-steam-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firmer cash and boxed beef prices support feeder and live cattle values into the holiday period, which can support demand for feed grains and byproducts in feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-11-02 | 5 | +3.6% | 2.9 | Cash cattle traded several dollars higher and futures rose through the week, with boxed beef starting to climb ahead of the holidays, which is a direct demand and price signal for the rally. |

## Sources

- wlj.net: https://www.wlj.net/markets-head-higher-cash-cattle-gain-steam/

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