# Market shifts up; “no stopping it” | Western Livestock Journal

> Cattle futures and cash trade moved higher in early November, with cash fed cattle selling at $119-121 live and dressed cattle at $190-192, both up from the prior week. Analysts pointed to next resistance near $125 and $128-130. Recent USDA carcass grading changes are expected to shrink supply of Prime and Choice beef, prompting packers to pay premiums for quality cattle.

- Date: 2017-11-06 · published 2017-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68113-market-shifts-up-no-stopping-it-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A shrinking supply of top-grade beef and premiums for quality cattle support higher live and feeder cattle prices.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/market-shifts-up-no-stopping-it/

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