# Fed market slow to develop | Western Livestock Journal

> Western Livestock Journal reports slow fed cattle trade in early October, with cash fed cattle at $109.85 to $111 and packers holding leverage. Futures were mostly flat, and the cash basis is negative, pushing feeders toward deferred months. Packers processed about 650,000 head the prior week.

- Date: 2018-10-08 · published 2018-10-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62703-fed-market-slow-to-develop-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A slow cash market with packer leverage and negative basis pressures cattle feeder margins and reduces near-term feed demand from feedlots.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- wlj.net: https://www.wlj.net/fed-market-slow-to-develop/

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