# Market continues upward momentum ahead of Memorial Day | Western Livestock Journal

> Live and feeder cattle futures rose for the week ending May 24, 2024, with June live cattle up $4.50 to $183.52 on strong negotiated fed cattle trade at $187 in Texas and Kansas. Boxed beef was mixed, with the Choice cutout down 31 cents to $309.84 and dressed steer weights at 923 lbs.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6972-market-continues-upward-momentum-ahead-of-memorial-day-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firm cash prices and tight fed supplies support live cattle futures, while mixed cutouts show limited packer margin relief. Traders were positioning ahead of the USDA Cattle on Feed report.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- wlj.net: https://www.wlj.net/market-continues-upward-momentum-ahead-of-memorial-day/

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