# CME live cattle futures reach lowest price since July

> CME most-active October live cattle futures ended lower on August 17, hitting their lowest level since July 31 and retreating from a July 20 contract high of 185.75 cents per pound. September feeder cattle also fell. Traders cited packer losses on each head slaughtered.

- Date: 2023-08-17 · published 2023-08-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34713-cme-live-cattle-futures-reach-lowest-price-since-july
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Packers losing money on cattle raises fears of reduced slaughter demand, which can pressure live and feeder cattle prices and weaken demand for feed inputs tied to cattle feeding.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-cme-live-cattle-futures-reach-lowest-price-since-july-idUSL1N39Y2JC/

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