# Higher grains pressure cattle futures - Brownfield Ag News

> Live and feeder cattle futures closed lower at the CME on July 31, 2018, with feeder cattle hit hardest by higher corn and soybean prices. Cash cattle trade was untested, with starter bids in Texas at $109-110 live. Wholesale Choice beef closed weak.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64167-higher-grains-pressure-cattle-futures-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher feed grain costs pressure feeder cattle values because they raise the expected cost of finishing animals, which weighs on futures and feeder prices.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/higher-grains-pressure-cattle-futures/

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