# Live cattle futures move higher watching corn - Brownfield Ag News

> CME live cattle futures were modestly higher and feeder cattle sharply lower on June 30, 2021, with August live cattle at $122.72 and August feeders down $2.77 to $154.62. Direct cash cattle traded at $120 to $122 live in the South, and Choice boxed beef closed $1.05 higher.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46710-live-cattle-futures-move-higher-watching-corn-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Feeder cattle are pressured by higher corn costs and the cash cattle trade sets live cattle values, so feeder-cattle weakness tends to weigh on cattle-feed demand and feeder pricing.

## Read by commodity

- CORN: neutral
- FCATTLE: bearish ▼
- LCATTLE: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/live-cattle-futures-move-higher-watching-corn/

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