# Cattle futures lower ahead of USDA's On Feed numbers - Brownfield Ag News

> Cattle futures closed lower on Oct. 22 ahead of the USDA Cattle on Feed report, with cash trade quiet at about $124 live. Feeder cattle prices at Ogallala auction were $4 to $9 lower for steers.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44696-cattle-futures-lower-ahead-of-usda-s-on-feed-numbers-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower live and feeder cattle futures reduce hedging and purchase incentives for feedlots, with a modest effect on feed grain demand. The upcoming report was seen as potentially supportive longer term.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-lower-ahead-of-usdas-on-feed-numbers/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-mostly-lower-ahead-of-fridays-on-feed-numbers/

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