# What’s causing beef markets to spike upward? | Iowa Agribusiness Radio Network

> Cash cattle prices rose as much as $20 over four weeks to the highest levels since August 2015. Boxed beef also gained over $16 in one week. An LMIC analyst attributed the rally to packer marketing needs, heavy hedging and basis effects, and said it looks like a spike.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/71134-what-s-causing-beef-markets-to-spike-upward-iowa-agribusiness-radio-network
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Sharp cash gains reflect tight packer demand for fed cattle, but the analyst expects the rally will not persist. Feed buyers should anticipate some reversal in cattle values.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/whats-causing-beef-markets-to-spike-upward/

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