# US live cattle futures soar - CME
						 | The Cattle Site

> CME live cattle futures surged as cash cattle traded up to $9 higher than the previous week. Choice cuts of beef gained while select cuts fell, and lean hog futures closed mostly lower.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10089-us-live-cattle-futures-soar-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Packers are bidding up cattle to meet demand while supplies remain tight, keeping feeder and fed cattle prices elevated. The move reflects routine price action rather than a new supply shock.

## 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 surged as cash traded up to $9 higher week over week. |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | Futures surged as cash cattle traded up to $9 higher week over week, confirming the cash-led move. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/us-live-cattle-futures-soar-cme

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