# CME update: live cattle futures climb higher along with wholesale beef prices
						 | The Cattle Site

> CME December live cattle futures settled up 0.25 cent at 108.55 cents per pound on November 2, supported by rising wholesale beef. Choice boxed beef rose 55 cents to $208.65 per cwt and CME feeder futures were mixed after a five-session climb.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50284-cme-update-live-cattle-futures-climb-higher-along-with-wholesale-beef-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firmer wholesale beef and cattle futures support fed cattle values and packer demand for cattle, with routine price moves having limited impact on feed demand.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bullish ▲

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/56083/cme-update-live-cattle-futures-climb-higher-along-with-wholesale-beef-prices

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