# Cattle Current Daily—Nov. 4, 2019 – Cattle Current Market Update

> Cash fed cattle sales in the Southern Plains were $2 higher at $112/cwt, and wholesale beef values rose. Live and feeder cattle futures closed higher on Friday after a strong monthly U.S. jobs report.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9667-cattle-current-daily-nov-4-2019-cattle-current-market-update
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Firm cash and wholesale beef prices support futures and feedlot margins, which sustains feed demand. Broader financial strength adds mild support to commodity sentiment.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2019-11-01 | 1 | +3.5% | 3.6 | Dated at the move's end, it reports higher cash fed cattle ($112, +$2), rising wholesale beef and live cattle futures closing higher on a strong jobs report, which directly explains the Nov 1 jump via demand and sentiment. |
| LCATTLE | 2019-11-06 | 5 | +4.6% | 3.0 | Higher Southern Plains cash trade, firmer wholesale beef and futures gains after a strong jobs report lifted live cattle at the start of the window. |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-nov-1-2019/
- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-nov-4-2019/

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