# U.S. livestock: Limit-up grains pressure feeder cattle, lean hogs - AgCanada

> US feeder cattle futures fell on March 31 after limit-up gains in corn and soybeans raised expected feed costs. Live cattle gained on firm beef demand, with boxed beef and cash cattle prices rising. Lean hog futures slipped under limit-up soybean meal, though hogs stayed near recent highs.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47728-u-s-livestock-limit-up-grains-pressure-feeder-cattle-lean-hogs-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher corn and soymeal costs squeeze feeding margins and pressure feeder cattle and hog prices, while firm beef demand supports live cattle.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-03-30 | 1 | +5.1% | 3.7 | Notes limit-up soybeans and soybean meal on the report date, confirming the move and feed-cost implications. |
| SBM | 2021-03-30 | 1 | +4.9% | 4.1 | It confirms soybean meal went limit-up around the report, showing the size of the rally, but it is dated after the move window. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-feeder-cattle-lean-hogs-pressured-by-limit-up-grains
- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-limit-up-grains-pressure-feeder-cattle-lean-hogs

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