# Weaker cash business continues to pressure cattle futures - Brownfield Ag News

> Live and feeder cattle futures closed lower at the CME as direct cash cattle trade came in lighter. Cash deals in the South were at $172 live and in the North at $281 dressed, both below the prior week.

- Date: 2023-05-02 · published 2023-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5156-weaker-cash-business-continues-to-pressure-cattle-futures-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Softer cash bids set the reference for futures, so a lower cash trend translates into weaker deferred cattle prices. Feeder buyers may gain some bargaining leverage at these levels.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-05-02 | 5 | -4.4% | -6.0 | Lighter cash cattle trade ($172 South, $281 North, both below the prior week) pressured live and feeder futures lower on May 2. |
| LCATTLE | 2023-05-05 | 5 | -4.2% | -5.1 | Lighter, lower cash trade (South $172, North $281 dressed) below the prior week pressured futures as the cash market weakened. |
| LCATTLE | 2023-04-30 | 1 | -3.0% | -6.7 | Lighter direct cash trade below the prior week continued to weigh on futures, though dated just after the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-pressured-by-lower-cash-business-2/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/weaker-cash-business-continues-to-pressure-cattle-futures/

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