feeders can and do move opposite live cattle.
feeders are 'fat' and ready for entering food chain,
and demand with supply factored can move price
in the near term
live cattle are still wondering around growing bigger
and not yet it the direct line for Mr. Butcher ..
so, there's a time lag in those markets supply/demand
influences; therefore prices can seem bass-ackwards
at times.
Mooooo!