# August live cattle futures ease - CME
						 | The Beef Site

> CME hog futures climbed to nearly four-month highs on July 31, with October lean hogs up 0.975 cents to 86 cents per pound and packer margins rising to $15.00 per head. August live cattle futures eased 0.100 cent to 178.050 cents per pound, pressured by softer cash prices and uncertain consumer demand.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35209-august-live-cattle-futures-ease-cme-the-beef-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Stronger pork values and packer margins support hog prices and hog-sector demand for feed, while softer cash cattle pricing weighs on cattle futures. The divergence is routine and does not signal a new supply shock.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bearish ▼

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/august-live-cattle-futures-ease-cme

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