# U.S. livestock: Live cattle, hogs hit contract highs on fund buying - Country Guide

> Live cattle and lean hog futures reached life-of-contract highs on Tuesday, driven by investment fund buying. Speculators already holding large net long positions added to them. Packers had paid sharply higher cash prices for cattle the previous Friday, lifting margins.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10872-u-s-livestock-live-cattle-hogs-hit-contract-highs-on-fund-buying-country-guide
- 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

Heavy speculative long positioning and higher packer margins support livestock futures, but the market is exposed to a sharp pullback if funds reduce positions.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-11-03 | 5 | +7.9% | 3.3 | Oct 31 fund buying pushed live cattle to contract highs after higher cash prices, adding momentum early in the window. |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-live-cattle-hogs-hit-contract-highs-on-fund-buying/

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