# Hog futures down on cash, wholesale pressure - Brownfield Ag News

> CME live cattle rallied on technical buying, with August live cattle up $2.37 to $106.92 and feeders up $1.65. Direct cash cattle trade was at a standstill and boxed beef closed lower on light demand.

- Date: 2018-07-16 · published 2018-07-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5213-hog-futures-down-on-cash-wholesale-pressure-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Cash cattle trade and boxed beef direction set the basis for futures; softer beef demand weighs on feeder and live cattle values despite the futures bounce.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/hog-futures-down-on-cash-wholesale-pressure/

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