# Cattle futures rally - Brownfield Ag News

> Live and feeder cattle futures rallied on February 2 after a weak first half of the week, with gains attributed to short covering and oversold chart readings. Feeder steers at the Huss Platte Valley Auction averaged 139.97/cwt, and cash asking prices held near 122 in the South and 192-194 in the North.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72638-cattle-futures-rally-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The rally reflects technical short covering rather than a fundamental change in supply, so cattle futures may stay volatile and feeder demand for feed grains may be little changed.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-rally-3/

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