# Pete's Comments: Looking good | Western Livestock Journal

> Cash cattle trade is strengthening, with Southern Plains feeders selling 15-20% of cattle on the cash market. A Texas Cash Pool sold about 1,200 head at $112.55, up $2 from the prior week, as boxed beef cutout climbed to $230.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49289-pete-s-comments-looking-good-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Rising packer margin pressure and a higher cutout favor stronger cash cattle prices. More cash trade improves price discovery and supports the fed cattle market.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/petes-comments-looking-good/

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