# Cattle futures drop on lack of direction - Brownfield Ag News

> CME cattle futures closed sharply lower on Nov 14, 2017, driven by technical selling. December live cattle closed $1.07 lower at $119.50, and feeder cattle also declined. Cash cattle trade was slow, with bids at $119 in some areas.

- Date: 2017-11-14 · published 2017-11-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6090-cattle-futures-drop-on-lack-of-direction-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Weak cash bids and falling boxed beef values lower the expected return on feedlot placements, which can reduce near-term feeder cattle demand and feed purchases.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-drop-lack-direction/

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