# Cattle markets stumble

> The live cattle market traded lower on fund selling ahead of expected heavy June supplies. The June contract dipped below the $105.55 support level but recovered above it by the close.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4606-cattle-markets-stumble
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Fund selling pressures futures and can weigh on feeder and fed cattle values. Holding support keeps the near-term price floor intact for cattle buyers.

## Read by commodity

- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-05-01 | 1 | -7.5% | -10.3 | Fund selling ahead of expected heavy June supplies pushed live cattle lower and broke the June contract's support on the move date, a direct sentiment and supply driver. |
| LCATTLE | 2018-05-02 | 5 | -6.7% | -3.2 | Fund selling ahead of heavy expected June supplies pushed live cattle futures lower and tested support, directly reflecting the sell-off in the window. |
| LCATTLE | 2018-05-07 | 5 | -7.4% | -3.4 | Fund selling ahead of expected heavy June supplies pushed June live cattle below support, a sentiment and positioning driver of the drop. |
| LCATTLE | 2018-04-30 | 1 | -6.8% | -10.3 | Fund selling ahead of expected heavy June supplies pressured live cattle and pushed the contract through support, which fits the sharp drop. |

## Sources

- agupdate.com: https://agupdate.com/iowafarmertoday/mwo/livestock/article_d88fb384-4d82-11e8-9765-9b238caf36de.html

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