# U.S. livestock: CME live cattle buckle under technical pressure - AgCanada

> CME live cattle futures closed lower on July 18, 2017, with August down 1.875 cents to 115.075 cents, below its 20-day moving average, on profit-taking and technical selling. Feeder cattle fell more than 2%, and lean hogs finished weaker ahead of the USDA Cattle on Feed report due Friday.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4729-u-s-livestock-cme-live-cattle-buckle-under-technical-pressure-agcanada
- 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

Fund positioning and technical selling pressured cattle ahead of the cattle-on-feed report, and seasonally eroding beef values reduce packer willingness to pay up. Lower futures and feeder prices weigh on cattle markets near term.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2017-07-18 | 1 | -6.6% | -8.9 | Published for July 18, it reports lean hogs finishing weaker amid technical selling and positioning ahead of the Cattle on Feed report, which is the same-day sentiment pressure behind the drop. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-buckle-under-technical-pressure

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