# Cattle market fundamentals continue positive

> Cattle futures gained during the week, supported by higher wholesale beef values and seasonally fewer fed cattle near term. Feeder cattle sold unevenly, and the market reacted only subdued to the Cattle on Feed report showing 13.5 percent higher September placements. Profit-taking pulled prices slightly lower to end the week.

- Date: 2017-10-28 · published 2017-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5331-cattle-market-fundamentals-continue-positive
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Firm wholesale beef values and tight near-term fed supplies support cattle prices, which keeps feedlot and feed demand steady.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- beefmagazine.com: https://www.beefmagazine.com/cattle-market-outlook/cattle-market-weekly-audio-report-saturday-oct-28-2017

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