# Cattle futures higher on short covering - Brownfield Ag News

> Cattle futures closed sharply higher at the CME on short covering and technical buying, with August live cattle up $3 to $106.72 and August feeders up $4.50 to $151.32. Feedlot managers received $107 to $108 live bids, and feeder supplies were described as moderate.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64639-cattle-futures-higher-on-short-covering-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Concerns that heavy early placements will tighten end-of-year supplies supported the rally, though it is largely a technical bounce. Feed buyers should expect firmer cattle values to keep feeder and finished-cattle costs elevated in the near term.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-higher-on-short-covering-2/

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