# Live cattle futures climb on cash market optimism - CME
						 | The Beef Site

> CME livestock futures rose on Tuesday after the Labor Day weekend, as traders hoped slaughter pace would pick up for both cattle and hogs. October live cattle settled up 0.5 cent at 145.05 cents per lb, and choice boxed beef gained $1.07 to $260.49 per cwt. Lean hog futures also closed higher, with wholesale pork carcass prices rising $3.78.

- Date: 2022-09-06 · published 2022-09-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39731-live-cattle-futures-climb-on-cash-market-optimism-cme-the-beef-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

Rebounding boxed beef and pork values support live animal prices by improving packer margins. Renewed slaughter pace reduces near-term supply pressure on cattle and hogs.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/59155/live-cattle-futures-climb-on-cash-market-optimism-cme-2

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