# CattleFax Market Analyst Sees Cattle Market Stabilizing - Northern Ag Network

> CattleFax analyst Mike Murphy says fed and feeder cattle have traded more than $10/cwt higher over the past two weeks, giving producers hope the bottom may be near. Many calves in Montana, Wyoming and the Dakotas remain unsold after the sharp feeder price downturn.

- Date: 2016-11-02 · published 2016-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73972-cattlefax-market-analyst-sees-cattle-market-stabilizing-northern-ag-network
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A rebound from lows supports feeder cattle prices, but unsold calves in the northern plains could add near-term feeder supply and cap gains.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- northernag.net: https://www.northernag.net/cattlefax-market-analyst-sees-cattle-market-stabilizing/

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