# Feeder cattle futures supported by lower corn trade - Brownfield Ag News

> Live cattle futures closed mostly higher on July 1 in a narrow range, with August live cattle down $0.25 at $104.10 and August feeder cattle up $0.17 at $137.02. Feeder cattle gained on follow-through buying and a lower move in corn. Oklahoma feeder steer prices were $2 to $4 higher on the week.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58221-feeder-cattle-futures-supported-by-lower-corn-trade-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower corn prices reduce feeding costs and support feeder cattle values. Cash feeder prices strengthening points to firmer demand for cattle going into the feedlot.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2019-07-09 | 5 | +4.2% | 2.8 | On July 1 feeder futures were supported by follow-through buying and lower corn, marking the rebound from the lows that fed into the following week's gains. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/feeder-cattle-futures-supported-by-lower-corn-trade/

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