# U.S. livestock: Cattle futures slip as feed grain prices soar - Manitoba Co-operator

> US live and feeder cattle futures retreated on Wednesday, with CME November feeder cattle down 1.725 cents to 142.05 cents/lb. The slide followed a rally in corn and wheat futures to their highest since March after USDA reported grain stocks below trader expectations. Lean hog futures rose on firm cash prices.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51251-u-s-livestock-cattle-futures-slip-as-feed-grain-prices-soar-manitoba-co-operator
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher grain prices raise feeding costs, making buyers less willing to pay up for feeder cattle, which pressures feeder futures. Feed buyers should expect firmer corn and wheat costs to persist while cattle margins tighten.

## Read by commodity

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

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-livestock-cattle-futures-slip-as-feed-grain-prices-soar/

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