# U.S. livestock: Live cattle sag as traders eye lower boxed-beef prices - AgCanada

> CME live cattle futures ended mostly lower on Monday as select and choice boxed beef prices fell 2.7% and 1.9% week over week. USDA data showed 11.7 million head in US feedlots as of June 1, the highest for that date since 1996. Hog futures were mixed, with hopes for expanded China meat imports supporting deferred contracts.

- Date: 2019-07-15 · published 2019-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58217-u-s-livestock-live-cattle-sag-as-traders-eye-lower-boxed-beef-prices-agcanada
- 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

Falling boxed beef prices signal growing beef supply and possible weak demand, which pressures live cattle values. Expectations of Chinese meat import growth provide some support for hog prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2019-07-15 | 1 | +5.4% | 5.3 | Same-day report notes hog futures supported in deferred contracts by hopes for expanded China meat imports, a demand/trade-flow sentiment driver consistent with the 2019-07-15 jump. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-live-cattle-sag-as-traders-eye-lower-boxed-beef-prices

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