# US cattle markets extend gains after steep losses last week - CME

> CME live cattle futures extended gains on Tuesday, rebounding from a 14-month low hit the prior Thursday. The most-active February contract settled at 168.600 cents per pound and wholesale choice beef rose to $292.78/cwt.

- Date: 2024-01-01 · published 2024-01-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32830-us-cattle-markets-extend-gains-after-steep-losses-last-week-cme
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firmer boxed beef demand supports cattle prices and signals stabilization in cattle markets, which supports feed demand from feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/us-cattle-markets-extend-gains-after-steep-losses-last-week-cme

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