# Cash Cattle Trade Disappointing Ahead of COF Report | Red River Farm Network

> Feeder cattle saw short covering ahead of the Cattle on Feed report as corn eased. Cash cattle trade was disappointing and lower, with packers and feedlots pressured by feed costs pushing cattle to move at optimum weight.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47740-cash-cattle-trade-disappointing-ahead-of-cof-report-red-river-farm-network
- 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

High feed costs are forcing feedlots to market cattle quickly, weighing on cash prices. Easing corn offers temporary support to feeder values.

## Read by commodity

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

## Sources

- rrfn.com: https://www.rrfn.com/2021/04/23/cash-cattle-trade-disappointing-ahead-of-cof-report/

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