# CME update: cattle futures climb as demand strengthens
						 | The Cattle Site

> US live cattle futures rose on 29 September, with the December contract reaching its highest in a month. Traders cited strong beef demand and expectations of firm cash cattle trade, and choice boxed beef fell 56 cents to $217.16 per cwt.

- Date: 2020-09-29 · published 2020-09-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51239-cme-update-cattle-futures-climb-as-demand-strengthens-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Stronger beef demand and firmer cattle futures support feeder and fed cattle prices, which feeders typically pass into feeding costs and feed purchasing decisions.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/55932/cme-update-cattle-futures-climb-as-demand-strengthens

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