# U.S. livestock: CME live cattle soar as cash prices explode | Farmtario

> CME August live cattle settled up 4.7 cents at 172.375 cents/lb after a contract high, and August feeders rose to 241.65 cents/lb. USDA choice beef was priced at $306.44/cwt, while CME July lean hogs settled mostly lower at 82.05 cents/lb.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5222-u-s-livestock-cme-live-cattle-soar-as-cash-prices-explode-farmtario
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong packer demand and tight cattle supply are lifting cattle prices, while softer hog futures signal weaker pork demand for feed buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | CME live cattle hit contract highs as cash prices exploded and boxed beef firmed, reflecting packer demand for tight supplies. |
| LCATTLE | 2023-06-05 | 5 | +4.3% | 4.1 | Contract-high settlements as cash prices jumped confirm the demand and cash-led futures rally. |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-livestock-cme-live-cattle-soar-as-cash-prices-explode/

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