# U.S. livestock: CME cattle extend rally on surging cash market - AgCanada

> CME live cattle futures extended their contract highs on a jump in cash cattle prices, with cattle trading as high as $180 per cwt in Texas and Kansas. Choice wholesale beef rose to its highest level since May 1, and feeder cattle also set contract highs.

- Date: 2023-06-03 · published 2023-06-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10088-u-s-livestock-cme-cattle-extend-rally-on-surging-cash-market-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong cash prices and rising boxed beef values pull futures higher, signaling firm demand for cattle and feed. Feeder cattle strength raises the cost of finishing animals.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-06-05 | 5 | +4.3% | 4.1 | Futures extended contract highs on surging cash cattle and higher wholesale beef. |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | Rally extended on surging cash market and contract highs, with higher wholesale beef supporting packer bids. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-cattle-extend-rally-on-surging-cash-market

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