# CME update: cattle futures rebound, breaking their seven-session losing streak
						 | The Cattle Site

> US live cattle futures jumped on August 31 to snap a seven-session losing streak, with October live cattle up 0.4 cents to 105.3 cents/lb. Choice boxed beef fell $2.05 to $227.35/cwt, and traders expected weaker cash prices to pressure futures again.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51746-cme-update-cattle-futures-rebound-breaking-their-seven-session-losing-streak
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A short-covering bounce does not change the fundamental picture of weak cash cattle and softening boxed beef, which points to lower feeder-animal values and cautious feed buying.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/55806/cme-update-cattle-futures-rebound-breaking-their-seven-session-losing-streak

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