# U.S. livestock: CME live cattle ends mostly weak - Country Guide

> Most CME live cattle futures closed weaker on Thursday as investors sold deferred months and bought April on preliminary cash prices. Cash cattle in Nebraska traded at $125-$128/cwt, down from the prior week, and processors cut cash spending. Feeder cattle were supported by short-covering and lower corn prices.

- Date: 2016-04-21 · published 2016-04-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8274-u-s-livestock-cme-live-cattle-ends-mostly-weak-country-guide
- 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

Processors reducing cash purchases and more cattle for sale point to lower near-term fed cattle prices. Cheaper corn gives feeder futures some support.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-04-25 | 1 | -2.5% | -3.9 | Cash cattle fell and processors cut spending, starting the downward pressure that later extended into the April 25 drop. |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-ends-mostly-weak/

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