# Sharply higher cash business supports cattle futures - Brownfield Ag News

> At the CME, June live cattle closed $5.77 higher at $174.90 and August feeders closed $2.47 higher at $241.65 after sharply higher cash trade on Thursday. Southern live deals were marked at $175 to $180, $7 to $9 above the prior week's weighted averages, as packers were short-bought after the holiday weekend.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5219-sharply-higher-cash-business-supports-cattle-futures-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight fed cattle supplies and aggressive packer buying lifted cash and futures together, pointing to higher feeder cattle and feed demand in the near term.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | Sharply higher cash trade after the holiday pushed June live cattle up $5.77 at CME, a demand-driven price jump as packers were short-bought. |
| LCATTLE | 2023-06-05 | 5 | +4.3% | 4.1 | Sharply higher cash trade and short-bought packers after the holiday pushed June live cattle up $5.77, the main driver of the 5-day gain. |
| FCATTLE | 2023-05-31 | 5 | +15.6% | 7.7 | Sharply higher cash trade pushed August feeders up $2.47 to 241.65, adding to the late-window gain. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/sharply-higher-cash-business-supports-cattle-futures/

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