# Cattle futures lower on technical pressure - Brownfield Ag News

> Live cattle futures on the CME fell on technical pressure and weak wholesale values, with April live cattle down $1.55 to $126.77. Feeder cattle also declined on selling and uncertain demand, with May feeders down $3.10 to $146.52. Cash cattle trade was light to moderate at $125 to $127 live.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/59737-cattle-futures-lower-on-technical-pressure-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Softer wholesale beef and weak cash trade signal near-term pressure on live and feeder cattle values for feeder buyers. The moves look technical rather than driven by a new supply or demand shock.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2019-05-02 | 5 | -5.2% | -3.8 | On April 24 futures fell $1.55 on technical pressure and weak wholesale values, with cash lower at $125-127, starting the slide. |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/cattle-futures-lower-on-technical-pressure/

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