# CME cattle hit contract highs on tight supplies, strong cash prices

> CME live cattle futures reached life-of-contract highs on Sept 15 on firmer cash prices and tight supplies of market-ready animals. Feeder cattle futures also hit contract highs, helped by weaker feed corn prices.

- Date: 2023-09-15 · published 2023-09-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34257-cme-cattle-hit-contract-highs-on-tight-supplies-strong-cash-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight fed cattle supply gives feedlots leverage to push cash prices higher, which supports futures. Cheaper corn lowers feeding costs and adds support for feeder cattle.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/cme-cattle-hit-contract-highs-on-tight-supplies-strong-cash-prices-idUSL1N3AR3EA/

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