# Cattle Current—Feb. 1, 2021 – Cattle Current Market Update

> Negotiated cash fed cattle traded $3-$4 higher on a live basis in the Northern Plains at mostly $113/cwt, with dressed sales in Nebraska $5 higher at $178. Live Cattle futures closed about $1.23 lower and Feeder Cattle about $1.96 lower on Friday, even as grain futures rose.

- Date: 2021-01-31 · published 2021-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49284-cattle-current-feb-1-2021-cattle-current-market-update
- 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 cash cattle prices and rising boxed beef values support the cattle complex, but futures weakened on month-end position squaring and firm feed costs. Feeder buyers should expect choppy price action rather than a clear trend.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-feb-1-2021/

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