# Steady cash market, technical buying continues CME cattle rally | Financial Post

> CME live and feeder cattle futures rallied for a fourth session on October 7, reaching multi-week highs on technical buying and a steady cash market. Lean hog futures also firmed. Traders are weighing economic growth, pandemic-related labor issues at packers and falling COVID cases.

- Date: 2021-10-07 · published 2021-10-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44709-steady-cash-market-technical-buying-continues-cme-cattle-rally-financial-post
- 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

Higher live cattle and hog futures signal firmer meat demand and support feeder and feed-consuming livestock values, though the gain is largely technical.

## Read by commodity

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

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/steady-cash-market-technical-buying-continues-cme-cattle-rally

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