# Live cattle futures touch one-month low - CME
						 | The Beef Site

> The Beef Site reports that CME live cattle futures touched a one-month low on November 1, while lean hog futures hit contract highs on strong pork belly and ham demand ahead of the holidays. Choice boxed beef fell $1.26 to $316.34 per cwt, and feeder cattle recovered from a five-week low.

- Date: 2024-11-04 · published 2024-11-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27544-live-cattle-futures-touch-one-month-low-cme-the-beef-site
- 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

Softer boxed beef and cattle futures signal weaker cattle values, while firm pork cutout and hog demand support lean hog prices.

## Read by commodity

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

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/live-cattle-futures-touch-one-month-low-cme

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