# U.S. livestock: CME live cattle slide on cash price unease - Country Guide

> CME live cattle futures settled lower ahead of cash trade, with February down 0.575 to 119.675 cents. Packers were bidding at $124-125/cwt in the southern Plains, and USDA data showed record December beef cold storage stocks of 567 million lbs.

- Date: 2017-01-24 · published 2017-01-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10048-u-s-livestock-cme-live-cattle-slide-on-cash-price-unease-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Record beef stocks and softer futures signal weaker cattle demand and pressure on feeder cattle values, which can reduce feedlot demand for feed grains.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2017-06-23 | [U.S. livestock: CME live cattle rally before USDA report - Country Guide](https://feedsoft.ai/events/70627-u-s-livestock-cme-live-cattle-rally-before-usda-report-country-guide.md) | -2.7% | -5.1% |
| LCATTLE | 2017-12-22 | [U.S. livestock: CME live cattle mostly lower after USDA report - Country Guide](https://feedsoft.ai/events/67610-u-s-livestock-cme-live-cattle-mostly-lower-after-usda-report-country-guide.md) | +2.1% | +1.1% |
| LCATTLE | 2022-04-22 | [Herd liquidation could keep lid on cattle prices \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/41787-herd-liquidation-could-keep-lid-on-cattle-prices-livestock-farmweeknow-com.md) | -1.3% | -4.0% |
| LCATTLE | 2021-09-24 | [U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports - Canadian Cattlemen](https://feedsoft.ai/events/45190-u-s-livestock-cme-hogs-rise-live-cattle-slip-ahead-of-usda-reports-canadian.md) | -1.2% | +0.7% |
| LCATTLE | 2020-08-28 | [Markets slide lower on COF news \| Western Livestock Journal](https://feedsoft.ai/events/51751-markets-slide-lower-on-cof-news-western-livestock-journal.md) | -0.2% | +0.9% |
| FCATTLE | 2017-12-22 | [U.S. livestock: CME live cattle mostly lower after USDA report - Country Guide](https://feedsoft.ai/events/67610-u-s-livestock-cme-live-cattle-mostly-lower-after-usda-report-country-guide.md) | +2.2% | +4.0% |
| FCATTLE | 2022-04-22 | [Herd liquidation could keep lid on cattle prices \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/41787-herd-liquidation-could-keep-lid-on-cattle-prices-livestock-farmweeknow-com.md) | -1.6% | -2.7% |
| FCATTLE | 2020-08-28 | [Markets slide lower on COF news \| Western Livestock Journal](https://feedsoft.ai/events/51751-markets-slide-lower-on-cof-news-western-livestock-journal.md) | -3.1% | -1.2% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-slide-on-cash-price-unease/

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