# CME update: live cattle futures strengthen alongside beef demand
						 | The Beef Site

> US live cattle futures rose on December 1 as strong consumer beef demand and high wholesale prices supported the market. February live cattle added 0.300 cent to 113.175 cents per pound, and January feeder cattle gained 0.600 cent to 141.650 cents, helped by lower corn futures.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49777-cme-update-live-cattle-futures-strengthen-alongside-beef-demand-the-beef-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Firm boxed beef prices and lower corn costs improve feedlot margins, supporting feeder cattle values and demand for feed.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/56212/cme-update-live-cattle-futures-strengthen-alongside-beef-demand

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