# Cattle futures supported by strong cash business - Brownfield Ag News

> Live and feeder cattle futures closed higher as direct cash cattle trade came in at higher prices. June live cattle settled at $166.10 and August feeder cattle at $234.52.

- Date: 2023-05-24 · published 2023-05-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4500-cattle-futures-supported-by-strong-cash-business-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong cash trade signals firm fed cattle values and supports feeder futures, which raises the cost of feeder inputs for buyers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2023-05-31 | 5 | +15.6% | 7.7 | Strong cash business lifted live and feeder futures (August feeders at 234.52), the start of the rally window. |
| FCATTLE | 2023-05-25 | 1 | +11.9% | 11.8 | Feeder and live cattle futures closed higher on May 24 on strong cash trade, a demand-driven momentum that preceded the May 25 jump. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-supported-by-strong-cash-business/

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