# CME update: US live cattle futures step back after previous gains
						 | The Cattle Site

> US live cattle futures slipped on December 3 as renewed stay-at-home orders in major metropolitan areas raised fears of demand loss. February live cattle fell 1.350 cents to 112.575 cents per pound, and January feeder cattle lost 2 cents. Cash cattle in the southern Plains dipped to $110 per cwt.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49776-cme-update-us-live-cattle-futures-step-back-after-previous-gains-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Pandemic-related restaurant and retail closures threaten beef demand, pressuring cattle prices and reducing feedlot demand for feed grains.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/56227/cme-update-us-live-cattle-futures-step-back-after-previous-gains

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