# June Cattle Prices Overcome Latest Stumble, Turn Higher

> June live cattle recovered from a mid-March dip tied to US bank failures and closed at a contract high of $162.12 on March 31. Packers continued to struggle to secure weekly supplies, and Southern live sales were mostly at $167. May feeder cattle rose $7.70 for the week to $205.25.

- Date: 2023-04-03 · published 2023-04-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8671-june-cattle-prices-overcome-latest-stumble-turn-higher
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Persistent packer shortages and limited available cattle support continued price strength in both live and feeder cattle. Speculative long liquidation has eased.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-03 | 1 | +1.2% | 3.4 | It reports contract-high closes on March 31, packers struggling to secure supplies and cash trade near $167, which are tight-supply and momentum factors carrying into April 3. |
| LCATTLE | 2023-04-10 | 5 | +3.5% | 3.8 | Packers struggling to secure supplies and contract-high June futures on March 31 set up the early-window rally on tight cattle availability. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/sort-cull/blog-post/2023/04/03/june-cattle-prices-overcome-latest-2

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