# Cattle futures closed sharply lower again - Brownfield Ag News

> Cattle futures closed sharply lower on September 1, 2016, with October live cattle hitting the limit down. Feeder cattle contracts fell 2.35 to 3.82 points on aggressive long liquidation and technical selling. Cash cattle sales were reported at lower prices in Kansas, Texas and Nebraska.

- Date: 2016-09-01 · published 2016-09-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8591-cattle-futures-closed-sharply-lower-again-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Limit losses and weak fundamentals signal continued downward price pressure across live and feeder cattle. Seasonal supply pressure is expected to keep the complex weak in the near term.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-09-01 | 1 | -3.8% | -3.8 | Same-day close shows October live cattle limit down amid aggressive long liquidation and technical selling, which explains the sharp one-day move. |
| LCATTLE | 2016-09-06 | 5 | -7.0% | -3.6 | Limit-down close in October live cattle on Sept 1 with aggressive long liquidation and lower cash trade in major feeding states drove much of the weekly decline. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-closed-sharply-lower-2/

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