# Cattle Market Rallies on Strong Cash - IBest Media

> August feeder cattle settled near the session high at 262.90 and approached the all-time high of 264.675. The Feeder Cattle Index rose to 248.44 and was expected to challenge 250.00.

- Date: 2024-05-22 · published 2024-05-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6974-cattle-market-rallies-on-strong-cash-ibest-media
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Limited feeder supply and firm cash feeder index support feeder futures, though August's premium to the index raises the risk of a pullback if the index stalls.

## Read by commodity

- FCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2024-05-23 | 1 | +4.0% | 4.8 | Strong cash trade pushed August feeders near the all-time high with the Feeder Cattle Index rising, signaling tight supply and breakout buying. |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/28850.html

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