# Is the Current Feeder Cattle Market a Pricing Opportunity? | Ohio BEEF Cattle Letter

> Kentucky livestock economist Kenny Burdine said the market reaction to the JBS cyberattack was limited because it was seen as short-term, while feeder cattle have been more affected by new-crop 2021 corn prices, which are up roughly $1 per bushel from spring. He noted that feeder cattle respond to corn with a lag because of the time before feeders move into beef production.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46716-is-the-current-feeder-cattle-market-a-pricing-opportunity-ohio-beef-cattle
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher corn costs raise the feeding cost of cattle and pressure feeder cattle values, so feed-grain strength is a bearish factor for feeders and a source of demand for corn.

## Read by commodity

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

## Sources

- u.osu.edu: https://u.osu.edu/beef/2021/06/16/is-the-current-feeder-cattle-market-a-pricing-opportunity/

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