# Live cattle, boxed beef higher before New Year’s holiday | Western Livestock Journal

> Live cattle futures closed higher for the week, with December up $2.60 to $158.50 and February up $1.55. The Choice boxed beef cutout rose over $14 for the second straight week on strong demand. Cash trade was light, with live steers averaging $157.62.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9958-live-cattle-boxed-beef-higher-before-new-year-s-holiday-western-livestock
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong boxed beef demand and light cash supply give feedlots leverage to push cash prices higher, supporting cattle futures.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2022-12-30 | 1 | -1.2% | -3.5 | Year-end weekly wrap shows light holiday cash trade and futures positioning ahead of New Year, which is relevant to the Dec 30 decline, though it reports gains for the week rather than a drop on the day. |

## Sources

- wlj.net: https://www.wlj.net/live-cattle-boxed-beef-higher-before-new-years-holiday/

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