# CME update: feed cattle futures dip as corn prices rise
						 | The Cattle Site

> US feeder cattle futures ended lower on 10 November after nearing a six-week high as corn prices surged. A USDA report lowered its corn and soybean harvest estimates and raised demand forecasts, pushing corn to its highest since July 2019 and soybeans to their highest since July 2016. USDA also raised its 2020 beef production estimate.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7939-cme-update-feed-cattle-futures-dip-as-corn-prices-rise-the-cattle-site
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower USDA crop estimates and higher demand forecasts lift corn and soy prices, squeezing feeding margins and reducing what feeders will pay for cattle.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-11 | [CME update: lean hog futures weaken as corn prices surge
						 \| The Pig Site](https://feedsoft.ai/events/50300-cme-update-lean-hog-futures-weaken-as-corn-prices-surge-the-pig-site.md) | +7.9% | +7.0% |
| CORN | 2021-04-05 | [DDGS prices rise after corn futures limit up  : The Daily Digest](https://feedsoft.ai/events/47719-ddgs-prices-rise-after-corn-futures-limit-up-the-daily-digest.md) | +0.4% | +22.0% |
| CORN | 2026-05-21 | [Corn Supply Falls While Feed Grain Prices Rise - RFD-TV](https://feedsoft.ai/events/19340-corn-supply-falls-while-feed-grain-prices-rise-rfd-tv.md) | -0.8% | -7.6% |
| CORN | 2021-08-17 | [Corn prices rise again after USDA cuts crop estimates \| Feed Strategy](https://feedsoft.ai/events/45597-corn-prices-rise-again-after-usda-cuts-crop-estimates-feed-strategy.md) | -2.8% | -11.4% |
| CORN | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | +2.4% | +3.2% |
| SOY | 2020-11-11 | [CME update: lean hog futures weaken as corn prices surge
						 \| The Pig Site](https://feedsoft.ai/events/50300-cme-update-lean-hog-futures-weaken-as-corn-prices-surge-the-pig-site.md) | +2.8% | +1.8% |
| SOY | 2021-08-17 | [Corn prices rise again after USDA cuts crop estimates \| Feed Strategy](https://feedsoft.ai/events/45597-corn-prices-rise-again-after-usda-cuts-crop-estimates-feed-strategy.md) | -6.0% | -7.2% |
| SOY | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | +0.6% | +1.1% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/56116/cme-update-feed-cattle-futures-dip-as-corn-prices-rise

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