# Live cattle higher, supported by beef - Brownfield Ag News

> CME live cattle futures rose on higher midday boxed beef and short covering, with February up $1.37 at $117.37. Choice boxed beef gained $3.30 to $201.84 and the Fed Cattle Exchange weighted average reached $115.38 versus $112.68 a week earlier.

- Date: 2016-12-27 · published 2016-12-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73587-live-cattle-higher-supported-by-beef-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Stronger boxed beef and cash cattle prices support live cattle values heading into 2017, while a placement number implying larger coming supply tempers the upside.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/hogs-supported-higher-pork/
- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/live-cattle-higher-supported-beef/

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