# Live cattle futures climb on firm cash markets - CME
						 | The Beef Site

> CME live cattle closed higher for a second session on July 12 as cash strength tied to tighter US cattle supplies lifted prices, and tumbling corn prices supported feeder futures. August live cattle settled up 1.375 cents at 173.875 cents per pound and August feeders rose 1.750 cents to 240.250 cents.

- Date: 2023-07-17 · published 2023-07-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35214-live-cattle-futures-climb-on-firm-cash-markets-cme-the-beef-site
- 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

Tightening supplies and firm cash markets support cattle prices, while lower corn prices improve feeder economics. The move is a routine market update without a new policy or supply shock.

## Read by commodity

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

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/live-cattle-futures-climb-on-firm-cash-markets-cme-2

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