# Cattle Extended Rally on Wednesday - IBest Media

> Live cattle closed up $1 to $1.50 and feeder cattle rose $1.42 to $3.07 on May 22. USDA reported another human H5N1 case in Michigan linked to a dairy herd, and the Cattle on Feed report was due Friday.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: disease · region US · magnitude low
- Page: https://feedsoft.ai/events/6975-cattle-extended-rally-on-wednesday-ibest-media
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firm futures and cash trade near $187 to $192 support prices, while the H5N1 dairy-linked case adds disease headline risk for the dairy and beef complex.

## Read by commodity

- MILK: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2024-05-23 | 1 | +4.0% | 4.8 | Report of May 22 trading shows feeder cattle up $1.42 to $3.07 as the rally extended, directly describing the price action leading into the 3.95% move on May 23, with H5N1 news as added sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-06-05 | [Cattle futures rally on first US screwworm detection - CME
						 \| The Cattle Site](https://feedsoft.ai/events/12089-cattle-futures-rally-on-first-us-screwworm-detection-cme-the-cattle-site.md) | +0.4% | -2.4% |
| LCATTLE | 2022-05-20 | [Qld rain, Indo outbreak weigh on northern cattle export trade - Beef Central](https://feedsoft.ai/events/41341-qld-rain-indo-outbreak-weigh-on-northern-cattle-export-trade-beef-central.md) | -0.4% | +1.5% |
| LCATTLE | 2026-04-06 | [Feeder Cattle Rally Over $30 in Three Weeks in the Face of Tight Supplies](https://feedsoft.ai/events/10272-feeder-cattle-rally-over-30-in-three-weeks-in-the-face-of-tight-supplies.md) | +3.1% | +3.6% |
| LCATTLE | 2026-06-09 | [Texas screwworm case drives cattle rally](https://feedsoft.ai/events/18947-texas-screwworm-case-drives-cattle-rally.md) | +0.7% | -2.1% |
| LCATTLE | 2026-04-06 | [Live Cattle Follow Skyrocketing Cash, JBS Plant Strike Ending: Hogs Rally on FMD in China - AgWeb](https://feedsoft.ai/events/10268-live-cattle-follow-skyrocketing-cash-jbs-plant-strike-ending-hogs-rally-on-fmd.md) | +3.1% | +3.6% |
| FCATTLE | 2026-06-05 | [Cattle futures rally on first US screwworm detection - CME
						 \| The Cattle Site](https://feedsoft.ai/events/12089-cattle-futures-rally-on-first-us-screwworm-detection-cme-the-cattle-site.md) | +1.8% | +2.0% |
| FCATTLE | 2022-05-20 | [Qld rain, Indo outbreak weigh on northern cattle export trade - Beef Central](https://feedsoft.ai/events/41341-qld-rain-indo-outbreak-weigh-on-northern-cattle-export-trade-beef-central.md) | +0.3% | +12.2% |
| FCATTLE | 2026-04-06 | [Feeder Cattle Rally Over $30 in Three Weeks in the Face of Tight Supplies](https://feedsoft.ai/events/10272-feeder-cattle-rally-over-30-in-three-weeks-in-the-face-of-tight-supplies.md) | +0.3% | -0.4% |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/28971.html

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