# Cattle futures surge on midday boxed beef - Brownfield Ag News

> CME live cattle and feeder cattle futures rallied sharply on commercial and technical buying and higher midday boxed beef as retailers restocked after Memorial Day. June live cattle rose $3.00 to $106.12 and August feeder cattle gained $3.57 to $148.55.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65130-cattle-futures-surge-on-midday-boxed-beef-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firmer boxed beef and packer demand support cash fed cattle and feeder prices, though sellers may hold back after last week's sharp decline. Feeder futures also gained on lower corn, a modest support for feeder cattle economics.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-surge-on-midday-boxed-beef/

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