# Live Cattle Futures Surge Higher

> Live cattle futures rallied with triple-digit gains as end-of-year buying broke through resistance and set contract highs in December and February. Cash cattle bids were unavailable midday, with asking prices at $122 live and $195 dressed. Hog futures were mixed and corn was slightly higher.

- Date: 2018-12-27 · published 2018-12-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7350-live-cattle-futures-surge-higher
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong futures support expectations of firmer early-2019 beef demand and gives feedlots a better price floor for forward sales. Cattle price direction is bullish for feeder and fed cattle.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/12/27/live-cattle-futures-surge-higher

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