# Market Closes - February 8, 2017 - Kentucky Farm Bureau

> CBOT futures closed higher with soybeans supported by export business and aggressive fund buying, and corn rallied to its highest since July. Cattle futures closed moderately lower on weaker boxed beef and expectations of softer cash cattle prices, while lean hogs were mixed.

- Date: 2017-02-08 · published 2017-02-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8603-market-closes-february-8-2017-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Corn strength ahead of the USDA report supports feed costs, while softer boxed beef and cash cattle expectations pressure feeder and live cattle futures.

## Read by commodity

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

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-february-8-2017/

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