# Cattle futures pull back as rally fades - CME
						 | The Cattle Site

> CME cattle futures pulled back from the prior week's rally as traders positioned ahead of the USDA Cattle on Feed report. Choice boxed beef rose $2.21 to $322.86 per cwt, and December lean hogs rose 0.45 cent to 78.275 cents per pound.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27995-cattle-futures-pull-back-as-rally-fades-cme-the-cattle-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

Firm boxed beef and tight herd supplies keep cattle prices supported, while the pullback reflects short-term positioning rather than a change in fundamentals.

## Read by commodity

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

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/cattle-futures-pull-back-as-rally-fades-cme

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