# The Bullish Power of Anticipation

> The DTN fed cattle market rallied sharply in early 2017, with the five-market steer average rising from $117 to $140 since January. Feedlot closeouts averaged a profit of $279.64 per head year to date. Deep discounts in deferred live cattle futures encouraged feedlots to sell early.

- Date: 2017-04-29 · published 2017-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5391-the-bullish-power-of-anticipation
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight fed supplies and strong boxed beef demand kept cash prices high relative to feedlot breakevens. Forward discounts in futures signal that the cash strength could fade later in the year.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/sort-cull/blog-post/2017/04/29/bullish-power-anticipation
- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/sort-cull/blog-post/2017/04/29/bullish-power-anticipation&referrer=twitter

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