# U.S. livestock: Cash price unease pressures CME live cattle - AgCanada

> CME live cattle futures slipped on Thursday as traders awaited remaining cash cattle trades, with February live cattle closing 0.25 cent lower at 116.525 cents/lb. Plains cash cattle bids were $116 against $122 asking, and the beef cutout rose 93 cents to $189.27/cwt.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10207-u-s-livestock-cash-price-unease-pressures-cme-live-cattle-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Cash bids well below asking prices and large fund long positions point to downside risk for live cattle futures, while reduced slaughter estimates may signal packer cutbacks that could support beef values.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cash-price-unease-pressures-cme-live-cattle
- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-brace-for-possible-weak-cash-prices

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