# CME live cattle futures at two-month high on strong beef demand

> CME live cattle futures reached a two-month high on Monday, with December contracts hitting 132.500 cents per pound before ending near 132.100. Traders pointed to expected solid holiday beef demand and firm cash cattle prices. Packers killed about 121,000 cattle, up from 118,000 a year earlier.

- Date: 2021-11-08 · published 2021-11-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44193-cme-live-cattle-futures-at-two-month-high-on-strong-beef-demand
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Firm cash trade and strong packer demand for fed cattle support live cattle futures. Buyers of beef-side feed and cattle-linked costs should expect continued firmness into the holiday season.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-cme-live-cattle-futures-at-two-month-high-on-strong-beef-demand-idUSL1N2RZ30N/

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