# Cattlemen Wonder If Spring Highs Are In - Drovers

> Cash fed cattle prices fell $2 to $3 lower for the week, with southern cash at $125-$126 and northern at $126-$127. Choice boxed beef cutout dropped $1.65 to $227.44 while feeder and calf auctions were steady to $5 higher. Analysts note CME live cattle futures topped and may be entering a longer downtrend.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50282-cattlemen-wonder-if-spring-highs-are-in-drovers
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A softer cash trade and weaker futures suggest fed cattle prices may be gradually working lower, which pressures feeder cattle values and the outlook for cattle feed demand.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bearish ▼

## Sources

- drovers.com: https://www.drovers.com/markets/cattlemen-wonder-if-spring-highs-are

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