# CME feeder cattle gain on lower corn | Financial Post

> CME August feeder cattle futures gained on June 3 to 152.95 cents per pound as Chicago corn futures fell 13 cents to $6.62 per bushel. Cattle slaughter resumed its normal pace after a cyberattack shut JBS operations over the weekend.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46740-cme-feeder-cattle-gain-on-lower-corn-financial-post
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower corn costs improve feeder economics and support feeder cattle prices, while packer disruptions had limited lasting effect on slaughter volumes.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2021-06-01 | 5 | +11.6% | 5.1 | Feeder futures gained on lower corn on June 3, just after the window, which confirms the inverse link between corn and feeders and the continued strength after the move. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-feeder-cattle-gain-on-lower-corn

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