# Agri Marketing Update

> Grain futures fell for another week, with corn hitting a seven-year low on a front-month basis and Chicago wheat at a 10-year low. Soybeans reached their lowest level in more than four months, pressured by favorable US weather and a stronger dollar. Live cattle futures collapsed to new contract lows after a sharp drop in cash cattle prices to $110.

- Date: 2016-09-06 · published 2016-09-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9463-agri-marketing-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Abundant global wheat supplies and favorable US crop weather keep grain prices under pressure, which lowers feed ingredient costs for buyers. Weak cattle prices also reduce demand for feed in the livestock sector.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-09-06 | 5 | -7.0% | -3.6 | Notes live cattle collapsed to new contract lows after cash fell to $110, with a stronger dollar adding to broad pressure. |

## Sources

- agrimarketing.com: https://www.agrimarketing.com/newsletter/index.php?archived=2016-09-06

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