# Cattle Futures Tack on Another Month of Gains. How Much More Upside is Left? | Livestock Rundown | 6/1/2023 | - Blue Line Futures

> Blue Line Futures reports the August live cattle contract posted its eighth consecutive monthly gain, with RSI at 71.33. August feeder cattle hit a new contract high and extended a six-month streak of gains.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5223-cattle-futures-tack-on-another-month-of-gains-how-much-more-upside-is-left
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Persistent gains in cattle futures reflect tight supplies and strong demand, supporting higher feeder cattle costs, though technical overbought readings raise the risk of a pullback.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2023-06-05 | 5 | +4.3% | 4.1 | Momentum and technical strength, with contract highs and a streak of gains, supported buying. |
| LCATTLE | 2023-06-06 | 5 | +4.4% | 3.5 | Momentum and technical context (eighth monthly gain, high RSI) suggests trend-following buying that amplified the rally. |

## Sources

- blf-django.herokuapp.com: https://blf-django.herokuapp.com/research/post/2383/

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