# U.S. livestock: CME live cattle fall from highs as Omicron rattles markets - AgCanada

> CME live cattle futures fell from contract highs on November 30 as Omicron variant worries rattled markets, with February live cattle down 1.4 cents to 137.9 cents/lb. Lean hogs and grains also declined on risk-off trading, and cash cattle eased to $138/cwt in Texas.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43731-u-s-livestock-cme-live-cattle-fall-from-highs-as-omicron-rattles-markets
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Risk-off selling spilled from financial markets into livestock futures, though tight cash supplies keep the underlying cattle price trend firm.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-fall-from-highs-as-omicron-rattles-markets
- reuters.com: https://www.reuters.com/markets/commodities/cme-live-cattle-fall-highs-omicron-rattles-markets-2021-11-30/

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