# US cattle futures consolidate near peaks - CME
						 | The Cattle Site

> CME cattle futures stabilized near recent highs on Thursday, supported by strong cash markets and speculative buying. Hog futures fell as soybean futures rallied to a nearly 10-year high, raising feed cost concerns.

- Date: 2022-06-09 · published 2022-06-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41080-us-cattle-futures-consolidate-near-peaks-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), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Soybean rally lifts feed costs, weighing on hog prices, while firm cash cattle markets keep cattle futures elevated.

## Read by commodity

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

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/58699/us-cattle-futures-consolidate-near-peaks-cme

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