# Basis flip threatens fed cattle currentness | Western Livestock Journal

> Cash fed cattle prices fell in late August 2017, with steers averaging $106.16 live after the prior week's $108-111 range. Cash prices are approaching a flip from a positive basis to a discount to futures, which would encourage hedgers to slow fed cattle offerings.

- Date: 2017-08-28 · published 2017-08-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69575-basis-flip-threatens-fed-cattle-currentness-western-livestock-journal
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Slower fed cattle marketings tighten near-term supply and could support cash prices, but weakening cutout values and feeding losses are bearish for feedlot demand for feeder cattle. Markets are depressed overall.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- wlj.net: https://www.wlj.net/basis-flip-threatens-fed-cattle-currentness/

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