# Cattle futures continue slide - Brownfield Ag News

> CME live cattle futures fell on May 16 as follow-through selling pushed several contracts below support, with June down $0.55 to $121.90. Feeder cattle also fell, with May down $1.57 to $140.95.

- Date: 2017-05-16 · published 2017-05-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71172-cattle-futures-continue-slide-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Breaking below technical support and uncertain demand point to further downside in cattle futures in the near term. Lower cattle values can reduce feedlot placements and feed demand.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/cattle-futures-continue-slide/

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