# CME update: cattle futures falter as grain prices skyrocket
						 | The Beef Site

> US live cattle and feeder cattle futures slipped on September 30 after the December live cattle contract hit its highest in over a month. The retreat followed a grain rally after USDA grain stocks came in lower than traders expected, with corn and wheat reaching their highest since March.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50751-cme-update-cattle-futures-falter-as-grain-prices-skyrocket-the-beef-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Rising grain prices raise feeding costs and reduce feeder buyers' willingness to pay, pressuring feeder and live cattle prices.

## Read by commodity

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

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/55939/cme-update-cattle-futures-falter-as-grain-prices-skyrocket
- thecattlesite.com: https://www.thecattlesite.com/news/55939/cme-update-cattle-futures-falter-as-grain-prices-skyrocket

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