# Cattle futures higher, watching direct trade develop - Brownfield Ag News

> Live and feeder cattle futures were higher while traders watched direct cash trade develop at $150 live in Kansas and Texas and $153 in Nebraska. Boxed beef closed lower on heavy movement, and a feeder cattle sale in Missouri showed mixed price changes by weight class. Traders were watching the October placement figures in the upcoming USDA Cattle on Feed report.

- Date: 2022-11-16 · published 2022-11-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7177-cattle-futures-higher-watching-direct-trade-develop-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Mixed futures and softer boxed beef indicate limited upside, while placement data may shift expectations for feeder supplies and prices.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-higher-watching-direct-trade-develop/

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