# Cash trade surges several dollars higher | Western Livestock Journal

> Cash fed cattle trade rallied several dollars higher during the week, with bids reaching as high as $178 per hundredweight. About 92,000 head traded through Thursday, and live steers averaged $172. Live cattle futures also gained, with April up over $3.50 to $171.97.

- Date: 2023-04-07 · published 2023-04-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8669-cash-trade-surges-several-dollars-higher-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Cash prices lead futures in this market, so stronger cash bids support higher feeder and fed cattle values. Tight fed supplies sustain the upward pressure.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-10 | 5 | +3.5% | 3.8 | Cash fed trade rallied several dollars and April futures rose over $3.50 to $171.97 in the week ending April 7, a direct contributor to the move. |
| LCATTLE | 2023-04-11 | 5 | +3.0% | 3.1 | Cash fed cattle rallied several dollars to as high as $178 and April futures gained over $3.50 that week, directly driving the window's gain. |
| LCATTLE | 2023-04-10 | 1 | +1.4% | 3.3 | Cash fed cattle trade surged several dollars to as high as $178 during the week ended April 7, and futures gained, which supports the following Monday's rally by raising expectations for cash and futures. |

## Sources

- wlj.net: https://www.wlj.net/cash-trade-surges-several-dollars-higher/

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