# Cattle futures sharply lower at midweek - Brownfield Ag News

> Live and feeder cattle futures closed sharply lower on May 1, 2024, with June live cattle down $1.12 and August feeders down $3.75. Boxed beef fell on light demand for heavy offerings, and lean hogs dropped on demand uncertainty and technical selling. Cash cattle bids were scarce.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5415-cattle-futures-sharply-lower-at-midweek-brownfield-ag-news
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weak boxed beef demand and a lack of cash bids point to softer near-term cattle and hog values. Lower livestock prices reduce feeding returns and the feed demand that supports the feed complex.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2024-05-01 | 1 | -3.1% | -6.5 | It documents the sharp May 1 close lower, with June live cattle down $1.12, driven by weak boxed beef demand, scarce cash bids and sentiment, so it directly describes the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-lower-to-start-the-week-11/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-sharply-lower-at-midweek-2/

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