# CME cattle rise on higher cash price expectations; hogs hit new lows | Financial Post

> CME live cattle futures firmed as cash cattle were bid around $168 per cwt in the southern Plains, about $1 above the prior week's bulk trade. Lean hog futures set new contract lows, while May feeder cattle dipped to a one-week low. USDA reported 123,000 cattle slaughtered and packer margins climbed.

- Date: 2023-04-05 · published 2023-04-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10372-cme-cattle-rise-on-higher-cash-price-expectations-hogs-hit-new-lows-financial
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher cash bids signal tighter fed cattle supply, supporting live cattle prices. Hogs at contract lows point to weak pork demand or oversupply pressure on hog prices.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: neutral
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-11 | 5 | +3.0% | 3.1 | Apr 5 futures firmed on higher cash price expectations and rising packer margins, adding to the window's gains. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-cattle-rise-on-higher-cash-price-expectations-hogs-hit-new-lows

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