# U.S. livestock: CME live cattle climb on wholesale beef demand - Country Guide

> CME live cattle futures closed higher on August 20 for a second session, supported by strong wholesale beef demand ahead of the Labor Day weekend. Choice boxed beef cutout reached $241.70 per hundredweight, the highest in more than two years.

- Date: 2019-08-21 · published 2019-08-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57724-u-s-livestock-cme-live-cattle-climb-on-wholesale-beef-demand-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Strong wholesale beef demand and rising cutout values give packers incentive to buy more cattle, supporting live cattle prices. Tight supply from the Tyson plant closure adds to the upward pressure.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-climb-on-wholesale-beef-demand/

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