# US live cattle hit five-week low - CME
						 | The Cattle Site

> CME live cattle futures fell to their lowest level in more than five weeks on Tuesday, with the June contract down 1.975 cents at 162.90 cents per pound. Economic worries after the First Republic Bank failure and debt ceiling uncertainty pressured the complex, and cash trade and boxed beef also softened.

- Date: 2023-05-03 · published 2023-05-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/5155-us-live-cattle-hit-five-week-low-cme-the-cattle-site
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower cash cattle prices and weaker boxed beef values reduce feeder cattle and feed-yard margins, which can slow restocking and weigh on feeder demand. Macro-driven selling may overshoot the tight-supply fundamentals.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-05-05 | 5 | -4.2% | -5.1 | June live cattle fell to a five-week low on May 2 as banking-sector stress and debt ceiling worries hit sentiment and cash trade and boxed beef softened, directly describing the decline. |
| LCATTLE | 2023-05-02 | 5 | -4.4% | -6.0 | Live cattle futures fell to a five-week low on May 2 as bank-failure and debt-ceiling worries combined with softer cash trade and boxed beef, directly explaining the sharp drop. |
| LCATTLE | 2023-04-30 | 1 | -3.0% | -6.7 | Futures fell to a five-week low on banking worries and softer cash and boxed beef, showing sentiment-driven selling that extended the decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | +2.1% | +1.5% |
| FCATTLE | 2022-09-23 | [Cattle, hog futures sag on macroeconomic concerns - CME
						 \| The Pig Site](https://feedsoft.ai/events/39718-cattle-hog-futures-sag-on-macroeconomic-concerns-cme-the-pig-site.md) | -1.2% | -1.5% |
| FCATTLE | 2026-05-29 | [Cattle futures slip on fuel price demand fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/19391-cattle-futures-slip-on-fuel-price-demand-fears-cme-the-beef-site.md) | +0.1% | +4.8% |
| FCATTLE | 2020-02-26 | [Cattle Markets Experience Losses Amid Coronavirus Fears
						 \| The Cattle Site](https://feedsoft.ai/events/12060-cattle-markets-experience-losses-amid-coronavirus-fears-the-cattle-site.md) | +0.4% | -2.1% |
| FCATTLE | 2020-04-01 | [U.S. livestock: Cattle, hogs limit down on coronavirus fears - Grainews](https://feedsoft.ai/events/6601-u-s-livestock-cattle-hogs-limit-down-on-coronavirus-fears-grainews.md) | -5.7% | -1.9% |
| LCATTLE | 2022-06-23 | [Hog, live cattle futures fall on recession fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/41079-hog-live-cattle-futures-fall-on-recession-fears-cme-the-beef-site.md) | +0.6% | -0.7% |
| LCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | -5.8% | -13.4% |
| LCATTLE | 2022-09-23 | [Cattle, hog futures sag on macroeconomic concerns - CME
						 \| The Pig Site](https://feedsoft.ai/events/39718-cattle-hog-futures-sag-on-macroeconomic-concerns-cme-the-pig-site.md) | +0.4% | +3.0% |

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/us-live-cattle-hit-five-week-low-cme
- thecattlesite.com: https://www.thecattlesite.com/news/us-live-cattle-hit-five-week-low-cme

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