# Live cattle futures rally near four-week high - CME
						 | The Beef Site

> CME live cattle futures rallied on Sept 6 to their highest level in nearly four weeks, with October settling 2.750 cents higher at 182.700 cents per pound. Feeder cattle also rose, and brokers cited unconfirmed cash trades near $179 per cwt in Kansas.

- Date: 2023-09-06 · published 2023-09-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34242-live-cattle-futures-rally-near-four-week-high-cme-the-beef-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Drought-reduced cattle supplies and steady consumer beef demand support futures, though the market remains in a sideways pattern with no confirmed cash trades to drive a breakout.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/live-cattle-futures-rally-near-four-week-high-cme

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