# Markets leap off the bottom | Western Livestock Journal

> Feeder cattle futures rebounded sharply last week after a stretch of contract lows, with August hitting limit-up and settling at $135.80. Live cattle futures also gained, with June settling at $110.57 and August at $105.35.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58699-markets-leap-off-the-bottom-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A sharp reversal from contract lows, backed by lighter fed supplies and better carcass weights, suggests cattle feeding costs and feeder prices may firm, which matters for feedlot demand for feed.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/markets-leap-off-the-bottom/

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