# Have Your Steak (and Pay for It, Too!)

> A commentary piece argues that buyers should hedge against rising beef costs using futures. It highlights feeder cattle futures holding above a prior summer high and live cattle futures trading above a prior target, and it gives chart-based price objectives for both contracts.

- Date: 2022-11-18 · published 2022-11-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7178-have-your-steak-and-pay-for-it-too
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Technical bullish setups in feeder and live cattle futures point to upward price pressure on cattle, which raises feedlot input and beef costs.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- allstarcharts.com: https://www.allstarcharts.com/all-star-charts-premium/2022-11-18/have-your-steak-and-pay-it-too

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