# Improving price outlook for cattle - High Plains Journal

> Cattle futures have recovered since April's COVID-driven sell-off, trading in a mixed $5 range in November. Feedlot placements and cattle on feed came in below estimates, and choice beef prices rose 18% in early November, with the cutout reaching $245.06 in late November.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49780-improving-price-outlook-for-cattle-high-plains-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A strengthening boxed beef cutout and tight cattle supplies support higher feeder and live cattle prices heading into 2021, which affects feedlot demand for feed.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- hpj.com: https://hpj.com/2020/12/04/improving-price-outlook-for-cattle/

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