# Cattle futures start week optimistic - Brownfield Ag News

> Cattle futures closed higher on January 7 as contracts were oversold, with February live cattle up $1.27 and January feeder cattle up $1.10. Direct cash cattle trade was quiet at the start of the new year, with bids and asking prices yet to surface.

- Date: 2019-01-07 · published 2019-01-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61221-cattle-futures-start-week-optimistic-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Oversold futures bouncing with buyer support lifts cattle prices, while quiet cash trade leaves the direction of spot prices uncertain until the week's trade develops.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-start-week-optimistic/

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