# U.S. livestock: CME live cattle close higher, but off highs - Country Guide

> CME live cattle futures recovered part of the previous day's steep losses on Friday, helped by short covering at month-end. April expired at 123.1 cents/lb and June settled at 114.925 cents. Cash cattle in the southern Plains fetched $124/cwt, down $3 on the week.

- Date: 2016-04-29 · published 2016-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6001-u-s-livestock-cme-live-cattle-close-higher-but-off-highs-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

The rebound was mostly technical, and analysts doubted wholesale beef had bottomed given ample supplies. Price direction remains uncertain until demand firms.

## Read by commodity

- LCATTLE: neutral

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-close-higher-but-off-highs/

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