# Cattle futures slip on fuel price demand fears - CME
						 | The Beef Site

> CME live and feeder cattle futures fell on fears that high gasoline and diesel prices from the Iran war and Strait of Hormuz closure will reduce consumer beef purchases. Choice boxed beef fell $2.40 to $392.32 per hundredweight.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19391-cattle-futures-slip-on-fuel-price-demand-fears-cme-the-beef-site
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expected weaker consumer beef demand pressures boxed beef and cattle futures, although tight supplies keep packer margins under strain.

## Read by commodity

- WTI: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +3.5% | +10.2% |
| WTI | 2018-03-26 | [China oil futures launch may threaten primacy of U.S. dollar: UBS](https://feedsoft.ai/events/66216-china-oil-futures-launch-may-threaten-primacy-of-u-s-dollar-ubs.md) | -4.2% | +3.2% |
| WTI | 2024-09-19 | [Rate cut a plus for some commodities, but demand and supply forces will still be key - The Business Times](https://feedsoft.ai/events/28217-rate-cut-a-plus-for-some-commodities-but-demand-and-supply-forces-will-still-be.md) | -1.9% | -1.1% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2023-04-13 | [BIS - The Changing Nexus Between Commodity Prices And The Dollar: Causes And Implications](https://feedsoft.ai/events/36298-bis-the-changing-nexus-between-commodity-prices-and-the-dollar-causes-and.md) | -4.9% | -12.9% |
| FCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | +2.1% | +1.5% |
| FCATTLE | 2022-09-23 | [Cattle, hog futures sag on macroeconomic concerns - CME
						 \| The Pig Site](https://feedsoft.ai/events/39718-cattle-hog-futures-sag-on-macroeconomic-concerns-cme-the-pig-site.md) | -1.2% | -1.5% |
| FCATTLE | 2023-05-03 | [US live cattle hit five-week low - CME
						 \| The Cattle Site](https://feedsoft.ai/events/5155-us-live-cattle-hit-five-week-low-cme-the-cattle-site.md) | -0.0% | +16.1% |

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/cattle-futures-slip-on-fuel-price-demand-fears-cme

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