# Live cattle futures firm - CME
						 | The Cattle Site

> CME live cattle futures firmed on Thursday on strong cash cattle demand after six sessions of declines, with cash trade up to $146 per cwt in the northern Plains. The USDA quarterly hogs and pigs report showed the US hog herd down 1% as of September 1, a larger drop than analysts expected, and lean hog futures eased.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39726-live-cattle-futures-firm-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A smaller hog herd tightens pork supply and supports future hog prices, while firmer cash cattle trade supports live cattle values. Feed costs remain high, which limits producer expansion.

## Read by commodity

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

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/59269/live-cattle-futures-firm-cme

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