# Cattle futures pressured by drop in wholesale prices - Brownfield Ag News

> Live cattle futures closed lower on the CME, with December live cattle down $1.10 at $119.45 amid sharply lower wholesale beef values. Feeder futures fell about $1.50 on the same factors, and direct cash cattle trade was quiet at $119 to $120 live.

- Date: 2019-12-04 · published 2019-12-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55708-cattle-futures-pressured-by-drop-in-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

Lower boxed beef values reduce packer willingness to pay for cattle, pulling live and feeder futures down.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-pressured-by-drop-in-wholesale-prices/

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