# Live cattle leap to fresh 4-1/2 year high on higher cash, beef demand | Financial Post

> CME live cattle futures rose for a sixth straight session to a front-month high not seen in about 4.5 years, with the February contract at 140.875 cents per pound. Cash cattle bids in the southern Plains rose from $136 to $140 per cwt, and CME feeder cattle hit their highest front-month level since 2016.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12506-live-cattle-leap-to-fresh-4-1-2-year-high-on-higher-cash-beef-demand-financial
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher cash prices and firm beef demand lift feeder and fed cattle values, which raises the cost of finishing feed-lot cattle and supports demand for feed inputs. Rising Chinese beef imports add to the upward price pressure.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-11-29 | 5 | +3.8% | 2.9 | Live cattle hit a 4.5-year high on Nov 24 on a sixth straight gain, with southern cash bids up from $136 to $140, directly driving the 5-day advance. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/live-cattle-leap-to-fresh-4-1-2-year-high-on-higher-cash-beef-demand

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