# How long will packers support the cash market? | Western Livestock Journal

> Pete Crow notes packers are supporting fed cattle cash at $115-120 while futures lag near $100, a wide basis. Boxed beef is expected to decline over coming weeks as packing capacity recovers, while ground beef remains strong.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53261-how-long-will-packers-support-the-cash-market-western-livestock-journal
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expected recovery in packing capacity should lower boxed beef and eventually reduce packer leverage over cash cattle, shifting pricing pressure lower.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bearish ▼

## Sources

- wlj.net: https://www.wlj.net/how-long-will-packers-support-the-cash-market/

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