# Cattle futures supported by wholesale prices - Brownfield Ag News

> Live cattle closed higher at the CME on stronger wholesale beef values and hopes for resolution of supply chain problems. June live cattle rose to $84.70 and May feeders to $118.50, while direct cash trade was light with dressed bids around $150 in Nebraska.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53785-cattle-futures-supported-by-wholesale-prices-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Rising boxed beef values support cattle futures and fed cattle demand, though thin cash trade signals uncertainty for feedlot margins.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2020-05-06 | 5 | +10.6% | 2.9 | Live cattle and May feeders rose on stronger wholesale beef and hopes of resolving supply chain problems, which started the rebound in the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-supported-by-wholesale-prices/

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