# Cattle futures lower on technical selling - Brownfield Ag News

> Cattle futures closed lower on October 30 on technical selling, with December live cattle down $0.45 to $116.80 and November feeders down $1.72 to $152.17. Direct cash cattle trade was quiet and wholesale beef values were higher. Russell, Iowa feeder steer receipts saw prices mostly $3 to $5 lower.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62702-cattle-futures-lower-on-technical-selling-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower feeder futures on technical selling reflect a routine pullback with firm beef cutouts, leaving feed demand from cattle feeding broadly unchanged.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-lower-on-technical-selling/

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