# Market Wrap-Up: April 22, 2021 | Western Livestock Journal

> On April 22, 2021, live cattle futures fell as higher corn prices pressured the complex, with the April live cattle contract down $1.45 to $118.32. Boxed beef rose, with the Choice cutout up $1.85 to $282.31, and steers traded at $118-122 on the cash market.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47733-market-wrap-up-april-22-2021-western-livestock-journal
- 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

Rising corn costs are pressuring cattle futures, with feedlots lacking leverage to lift cash prices despite firm boxed beef. Feed buyers should watch corn costs as the key driver of feeder margins.

## Read by commodity

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

## Sources

- wlj.net: https://www.wlj.net/market-wrap-up-april-22-2021/

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