# First week of 2018 market sees beef values up | Western Livestock Journal

> The first week of 2018 saw a slow cash fed cattle market, with only about 1,950 head confirmed sold by Thursday at $122-124 live. Those prices were slightly above the prior week. Analysts expected packers to pay up for supplies in the first full kill week, with the trend still seen as higher into mid-January.

- Date: 2018-01-05 · published 2018-01-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67093-first-week-of-2018-market-sees-beef-values-up-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Thin cash volume and packer buying interest support near-term live and feeder cattle prices. Futures are nearing overbought levels, which could limit further gains.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/first-week-of-2018-market-sees-beef-values-up/

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