# Cattle futures mixed, closing before widespread direct trade - Brownfield Ag News

> Live cattle futures were mixed on February 1 as traders waited for widespread direct cash trade. Feeder cattle were modestly lower, pressured by firm corn prices. Direct cash cattle traded mainly at $198 to $199 dressed in Iowa and Nebraska.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/60725-cattle-futures-mixed-closing-before-widespread-direct-trade-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Feeder cattle prices are sensitive to corn costs, so firm corn pressures feeder values. Otherwise, the cattle market is awaiting cash price discovery.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-mixed-closing-before-widespread-direct-trade/

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