# CME update: cattle futures rebound as the quarter closes
						 | The Cattle Site

> US live cattle futures rose nearly to their daily limit on March 31 as traders squared end-of-month and end-of-quarter positions after a steep drop. Cash cattle trade provided little direction as packer bids in the Plains stayed elusive.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54258-cme-update-cattle-futures-rebound-as-the-quarter-closes-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Futures that had fallen below cash values rebounded on position squaring rather than new demand, so the bounce may not hold if packer bids stay weak.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/55093/cme-update-cattle-futures-rebound-as-the-quarter-closes

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