# Cattle, hog futures limit higher on follow-through buying - Brownfield Ag News

> Live and feeder cattle closed sharply higher on March 23 at the CME on follow-through buying, higher wholesale values and a mostly positive Cattle on Feed report. Direct cash trade was starting, with deals at $185 dressed in Nebraska and Iowa, and Oklahoma feeder steers were $15 to $19 higher.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54292-cattle-hog-futures-limit-higher-on-follow-through-buying-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Stronger boxed beef and cash prices support futures and tighten the feeder cattle supply outlook for buyers.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-23 | 1 | +2.7% | 3.2 | Reports live and feeder cattle closed limit higher on March 23 on follow-through buying, higher wholesale beef values, a supportive Cattle on Feed report and the start of higher cash trade, which directly explains the 2.68% gain. |
| FCATTLE | 2020-03-23 | 5 | +15.7% | 5.1 | Feeder and live cattle futures closed limit higher on March 23 on follow-through buying, higher wholesale beef values and a mostly positive Cattle on Feed report, a direct driver of the sharp 5-day rebound. |
| LCATTLE | 2020-03-23 | 5 | +7.9% | 3.9 | Live and feeder cattle closed limit higher on March 23 on follow-through buying, higher wholesale values and a supportive Cattle on Feed report, which directly explains the sharp rebound in the 5-day window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/cattle-hog-futures-limit-higher-on-follow-through-buying-2/

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