# Cattle, hog futures lower to start the week - Brownfield Ag News

> Live and feeder cattle futures closed lower on May 1 ahead of widespread direct cash cattle business. June live cattle closed $0.60 lower at $164.87 and August feeders closed $0.62 lower at $230.10. Oklahoma feeder cattle prices were mixed, with some classes steady to higher.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5160-cattle-hog-futures-lower-to-start-the-week-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Cautious futures ahead of cash trade suggest buyers are testing the market for lower prices. Feeder cattle values are holding near record levels, which keeps feed-yard costs high.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-05-05 | 5 | -4.2% | -5.1 | Live and feeder futures closed lower on May 1, starting the week's slide with June live cattle down $0.60 ahead of cash trade. |
| LCATTLE | 2023-05-01 | 1 | -3.4% | -7.3 | Live and feeder futures closed lower on May 1 ahead of cash trade, directly reflecting the day's decline, although the $0.60 June drop is smaller than the reported move. |
| LCATTLE | 2023-05-02 | 5 | -4.4% | -6.0 | Live and feeder futures closed lower on May 1 with June live cattle down $0.60, contributing to the multi-day decline ahead of cash trade. |
| LCATTLE | 2023-04-30 | 1 | -3.0% | -6.7 | Live and feeder cattle futures closed lower on May 1 ahead of widespread cash trade, a direct downward price move right after the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-hog-futures-lower-to-start-the-week-2/

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