# CME update: feeder cattle futures sink to three-month low
						 | The Cattle Site

> CME November feeder cattle futures fell 0.925 cents to 135.525 cents per pound on 9 October, to a three-month low. Live cattle futures for October rose slightly. The decline was attributed to surging US grain prices.

- Date: 2020-10-11 · published 2020-10-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50774-cme-update-feeder-cattle-futures-sink-to-three-month-low-the-cattle-site
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher corn and grain costs raise the cost of finishing cattle, which pressures feeder cattle values and the margins of feedlots buying them.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2020-10-18 | 1 | -2.5% | -4.2 | Feeder futures hit a three-month low on surging grain prices, which raise feedlot costs and lower feeder bids, setting up the continued decline. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/55986/cme-update-feeder-cattle-futures-sink-to-three-month-low

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