# Is the Cattle Market Topping and When Will Corn Bottom? - AgWeb

> Cattle futures were setting back on disappointing cash trade in the South, with the Dodge City plant offline due to flood damage. Corn and soybeans were mostly lower, hitting three-year lows after USDA reports showed higher corn acreage and higher quarterly stocks.

- Date: 2024-07-01 · published 2024-07-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7976-is-the-cattle-market-topping-and-when-will-corn-bottom-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher USDA acreage and stocks point to ample grain supplies, weighing on corn and soybean prices. Softer cattle cash prices and plant slowdowns reduce near-term livestock demand for feed.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2024-07-01 | 1 | -2.2% | -4.0 | Same-day report cites weak Southern cash trade and the offline Dodge City plant as reasons futures set back, pointing to lower packer bidding. |
| LCATTLE | 2024-06-30 | 1 | -2.4% | -4.7 | Disappointing southern cash trade and the Dodge City plant being offline reduced packer bidding capacity, pressuring futures lower. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | -0.7% | +0.6% |
| CORN | 2022-05-28 | [Where Could Corn and Soybean Prices Be this Fall? - AgWeb](https://feedsoft.ai/events/41429-where-could-corn-and-soybean-prices-be-this-fall-agweb.md) | -5.3% | -4.9% |
| CORN | 2023-09-13 | [WASDE update: Tighter wheat and looser corn market \| articles \| ING THINK](https://feedsoft.ai/events/34042-wasde-update-tighter-wheat-and-looser-corn-market-articles-ing-think.md) | -7.1% | -5.9% |
| CORN | 2026-03-10 | [WASDE Non-Event but Corn, Wheat Lower With Plunging Crude Oil: Is the Top in the Grains? - AgWeb](https://feedsoft.ai/events/10384-wasde-non-event-but-corn-wheat-lower-with-plunging-crude-oil-is-the-top-in-the.md) | +3.2% | +2.8% |
| CORN | 2016-04-18 | [Corn and wheat will drop to 10-year low](https://feedsoft.ai/events/10297-corn-and-wheat-will-drop-to-10-year-low.md) | -0.1% | +3.7% |
| SOY | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | -3.2% | -0.9% |
| SOY | 2022-05-28 | [Where Could Corn and Soybean Prices Be this Fall? - AgWeb](https://feedsoft.ai/events/41429-where-could-corn-and-soybean-prices-be-this-fall-agweb.md) | -1.9% | -4.0% |
| SOY | 2016-04-18 | [Corn and wheat will drop to 10-year low](https://feedsoft.ai/events/10297-corn-and-wheat-will-drop-to-10-year-low.md) | +3.2% | +10.4% |

## Sources

- agweb.com: https://www.agweb.com/cattle-market-topping-and-when-will-corn-bottom

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