# Live cattle hit daily price limit after higher cash prices

> U.S. live cattle futures rose more than 2 percent on Friday, hitting their daily price limit of 3 cents. The rally followed cash fed cattle trades at $121 to $125 per cwt at southern Plains feedlots, above the prior week's $116 to $119. Most live cattle contracts reached life-of-contract highs and feeder futures also set new peaks.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10869-live-cattle-hit-daily-price-limit-after-higher-cash-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher cash fed cattle prices raise packer margins and draw buyers into futures, supporting cattle prices and the cost of feeder cattle for feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-11-03 | 5 | +7.9% | 3.3 | Live cattle hit the daily limit on Nov 3 after cash trade at $121-$125 versus $116-$119 the prior week, directly driving the final-day gain and life-of-contract highs. |

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock-idAFL2N1N9250/

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