# Weekly Cattle Market Overview for Week Ending 11/24/23 Cattle Range

> Fed cattle traded 1.00 lower at $177.00 for the week ending November 24, while feeder cattle fell 3.00 and national feeder steer average dropped to $228.61. Live and feeder cattle futures both fell sharply on Friday, with feeder futures down 7.83 to 9.18 across the front months.

- Date: 2023-11-25 · published 2023-11-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7874-weekly-cattle-market-overview-for-week-ending-11-24-23-cattle-range
- 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

Weekly declines in cash and futures prices reflect softer cattle values, with prices still well above a year ago.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2023-11-27 | 5 | -6.9% | -3.2 | Weekly summary shows feeder futures down 7.83-9.18 across front months on Friday and lower cash feeder averages, directly capturing the move. |
| LCATTLE | 2023-12-06 | 5 | -3.1% | -2.8 | Weekly overview shows fed cattle cash 1.00 lower and sharp futures declines on Nov 24, which reflects the weak sentiment and price pressure behind the move. |

## Sources

- cattlerange.com: https://www.cattlerange.com/articles/2023/11/weekly-cattle-market-overview-for-week-ending-11-24-23/

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