# Market Wrap-Up: May 24, 2022 | Western Livestock Journal

> Live cattle were slightly lower on May 24, 2022, with June closing down a nickel at $132.72 and August down 22 cents, while deferred contracts rose. Cash trade averaged $139.31 on 15,818 head, and feeder cattle firmed as corn fell sharply.

- Date: 2022-05-23 · published 2022-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5072-market-wrap-up-may-24-2022-western-livestock-journal
- 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

Routine price moves with cash cattle near $139 and firm deferred contracts; the feeder rally reflects lower corn costs.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2022-06-01 | 5 | +11.9% | 4.3 | On May 24 feeder cattle firmed as corn fell sharply, which lowers feedlot cost of gain and supports feeder demand early in the 5-day rally window. |

## Sources

- wlj.net: https://www.wlj.net/market-wrap-up-may-23-2022/
- wlj.net: https://www.wlj.net/market-wrap-up-may-24-2022/

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