# US cattle markets firm on steady-higher cash - CME
						 | The Beef Site

> CME live cattle futures firmed on August 4 on stronger cash markets and tighter slaughter. October live cattle settled at 182.900 cents per pound and feeder futures rose. Northern plains cash cattle traded as high as $189, and beef packer margins improved to $56.98 per head.

- Date: 2023-08-06 · published 2023-08-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34717-us-cattle-markets-firm-on-steady-higher-cash-cme-the-beef-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Stronger cash prices and tighter slaughter support cattle futures, reinforcing demand for cattle feed in a market with reduced herd numbers.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/us-cattle-markets-firm-on-steady-higher-cash-cme

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