# Pete's Comments: Markets are moving | Western Livestock Journal

> Pete Crow reports cattle markets turned stronger as futures recovered, with feeder contracts gaining about $7.50 over two days and June live cattle closing at $133.50. Nearby corn fell to around $7.30 per bushel, and cash trade was slow at about 50,000 head between $135 and $140 live. He notes that E15 use will continue through summer, adding pressure to corn supplies.

- Date: 2022-06-03 · published 2022-06-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/7264-pete-s-comments-markets-are-moving-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Futures recovery and expectations of slower cash trade signal firmer cattle prices, while lower corn prices and continued E15 blending pressure corn values.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-10-20 | [As new beef packers continue to build, cattle herd continues to shrink \| Western Livestock Journal](https://feedsoft.ai/events/10313-as-new-beef-packers-continue-to-build-cattle-herd-continues-to-shrink-western.md) | -0.2% | -3.8% |
| LCATTLE | 2022-11-29 | [Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal](https://feedsoft.ai/events/14880-removal-of-china-s-domestic-price-trade-barriers-could-increase-china-s-imports.md) | +0.3% | +1.5% |
| LCATTLE | 2026-07-31 | [Volatile markets adjust to border reopening and tight inventory \| Beef Market Update July 31, 2026 - RealAgriculture](https://feedsoft.ai/events/18479-volatile-markets-adjust-to-border-reopening-and-tight-inventory-beef-market.md) | +0.6% | -3.6% |
| LCATTLE | 2026-06-01 | [Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans](https://feedsoft.ai/events/14569-latest-u-s-china-agriculture-talks-expand-purchasing-pledges-beyond-soybeans.md) | -0.5% | +1.5% |
| LCATTLE | 2020-04-03 | [USDA announces it will revisit country of origin labeling \| The Counter](https://feedsoft.ai/events/53585-usda-announces-it-will-revisit-country-of-origin-labeling-the-counter.md) | -2.9% | -12.7% |
| FCATTLE | 2023-10-20 | [As new beef packers continue to build, cattle herd continues to shrink \| Western Livestock Journal](https://feedsoft.ai/events/10313-as-new-beef-packers-continue-to-build-cattle-herd-continues-to-shrink-western.md) | -1.2% | -5.8% |
| FCATTLE | 2026-07-31 | [Volatile markets adjust to border reopening and tight inventory \| Beef Market Update July 31, 2026 - RealAgriculture](https://feedsoft.ai/events/18479-volatile-markets-adjust-to-border-reopening-and-tight-inventory-beef-market.md) | +0.5% | -3.7% |
| FCATTLE | 2024-09-01 | [Feeder cattle market: EU premium kicks in as deforestation deadline nears](https://feedsoft.ai/events/28929-feeder-cattle-market-eu-premium-kicks-in-as-deforestation-deadline-nears.md) | -1.1% | +2.4% |

## Sources

- wlj.net: https://www.wlj.net/petes-comments-markets-are-moving/

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