# US cattle futures rally to contract highs - CME
						 | The Cattle Site

> CME cattle futures rose to fresh contract highs on technical buying and firm cash markets. Live cattle contracts rose for nine straight sessions and feeder cattle for six, while hog futures closed weaker despite higher pork prices.

- Date: 2023-06-07 · published 2023-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10091-us-cattle-futures-rally-to-contract-highs-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong seasonal grilling demand and tight supplies are supporting cattle prices heading into summer. Traders flagged overbought conditions, so the rally could pause.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | Nine straight sessions of gains to contract highs on technical buying and firm cash markets, extending the move through June 6. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/us-cattle-futures-rally-to-contract-highs-cme

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