# CME update: live cattle futures fell as corn prices skyrocket, ratcheting up feed costs
						 | The Cattle Site

> US live cattle futures fell for a second session on December 30 as corn futures touched a 6.5-year high of $4.76 a bushel after Argentina moved to restrict corn exports. Feeder cattle futures tumbled 1.475 cents to 139.750 cents per pound, while cash cattle traded at $111 per cwt in the southern Plains.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/49775-cme-update-live-cattle-futures-fell-as-corn-prices-skyrocket-ratcheting-up-feed
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher corn costs squeeze feedlot margins and reduce feeder cattle demand, while Argentina's export restriction tightens global corn supply and supports feed grain prices.

## Read by commodity

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

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/56345/cme-update-live-cattle-futures-fell-as-corn-prices-skyrocket-ratcheting-up-feed-costs

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