# Live cattle weaken on slowing demand - CME
						 | The Beef Site

> CME live cattle futures ended flat to lower on Monday after USDA reported May feedlot placements up 5% from a year earlier, above the 1.7% increase traders expected. Boxed beef demand was seen slowing ahead of the Independence Day holiday, and the August live cattle contract settled at 170.600 cents per pound.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/35614-live-cattle-weaken-on-slowing-demand-cme-the-beef-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Larger-than-expected placements add to near-term cattle supply, which pressures live and feeder cattle prices. Softer beef demand after the holiday would compound the downside for feeder buyers.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-10-25 | [Live cattle futures continue to fall - CME
						 \| The Cattle Site](https://feedsoft.ai/events/10310-live-cattle-futures-continue-to-fall-cme-the-cattle-site.md) | +0.5% | -3.6% |
| LCATTLE | 2017-01-03 | [Cattle Outlook: Less Beef in Cold Storage During November
						 \| The Cattle Site](https://feedsoft.ai/events/73120-cattle-outlook-less-beef-in-cold-storage-during-november-the-cattle-site.md) | -0.9% | +0.4% |
| LCATTLE | 2023-11-23 | [US cattle futures sag - CME
						 \| The Cattle Site](https://feedsoft.ai/events/7971-us-cattle-futures-sag-cme-the-cattle-site.md) | -1.3% | -3.7% |
| LCATTLE | 2025-04-21 | [Cattle Falls Out of the Long Weekend](https://feedsoft.ai/events/11325-cattle-falls-out-of-the-long-weekend.md) | +2.0% | +4.6% |
| LCATTLE | 2018-06-27 | [Beef Supply and Demand Challenges Continue \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/64472-beef-supply-and-demand-challenges-continue-ohio-beef-cattle-letter.md) | -0.6% | +3.2% |
| FCATTLE | 2023-10-25 | [Live cattle futures continue to fall - CME
						 \| The Cattle Site](https://feedsoft.ai/events/10310-live-cattle-futures-continue-to-fall-cme-the-cattle-site.md) | -0.7% | -4.6% |
| FCATTLE | 2017-01-03 | [Cattle Outlook: Less Beef in Cold Storage During November
						 \| The Cattle Site](https://feedsoft.ai/events/73120-cattle-outlook-less-beef-in-cold-storage-during-november-the-cattle-site.md) | -0.9% | -5.9% |
| FCATTLE | 2026-05-25 | [Feeder cattle futures sink on surprise feedlot data - CME
						 \| The Cattle Site](https://feedsoft.ai/events/19409-feeder-cattle-futures-sink-on-surprise-feedlot-data-cme-the-cattle-site.md) | +0.5% | +5.2% |

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/live-cattle-weaken-on-slowing-demand-cme

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