# U.S. livestock: CME live cattle sag despite fundamentals - AgCanada

> CME live cattle nearby contracts fell as funds rolled June positions into later months. June live cattle closed 0.975 cents lower at 104.85, while feeder contracts gained on short-covering and firmer cash feeder prices.

- Date: 2018-05-02 · published 2018-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4607-u-s-livestock-cme-live-cattle-sag-despite-fundamentals-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Roll-related selling pushes nearby futures down even though cash cattle and beef values remain firm. Feeder cattle strength raises the cost of placements for feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-05-02 | 5 | -6.7% | -3.2 | Fund roll of June positions into later months pressured nearby live cattle contracts on May 2, adding to the decline. |
| LCATTLE | 2018-05-07 | 5 | -7.4% | -3.4 | Fund rolling out of nearby June live cattle into later months pushed the contract down about 1 cent on May 2, which adds directly to the weekly decline. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-sag-despite-fundamentals

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