# Cattle futures higher on an oversold bounce - Brownfield Ag News

> Live and feeder cattle futures closed sharply higher at the CME on an oversold bounce. April live cattle rose $2.62 to $101.92 and April feeder cattle gained $1.87 to $121.92, while direct cash trade was quiet with few packer bids.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54257-cattle-futures-higher-on-an-oversold-bounce-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A technical rebound after a steep sell-off lifts futures but thin cash trade leaves the direction of fed cattle values uncertain for feeder buyers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-higher-on-an-oversold-bounce/

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