# U.S. livestock: Funds, beef demand fuel CME live cattle rally | Farmtario

> CME live cattle futures finished sharply higher on February 28, 2017, with the April contract up 2.425 cents to 117.925 cents after breaking its 40-day moving average. Fund buying and firm wholesale beef demand drove the rally. Packers paid $124 to $125/cwt for cash cattle the prior week.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6023-u-s-livestock-funds-beef-demand-fuel-cme-live-cattle-rally-farmtario
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Strong beef demand and improved packer margins supported higher bids for fed cattle, pulling futures up toward expected cash prices. Firmer cattle values support demand for feed grains from feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-02-27 | 1 | +2.7% | 3.8 | It describes the sharp futures rally on fund buying and firm wholesale beef demand, with April breaking its 40-day moving average, but it is dated Feb 28, after the move date, so it is a follow-through confirmation rather than a clear driver. |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-livestock-funds-beef-demand-fuel-cme-live-cattle-rally/
- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-funds-beef-demand-fuel-cme-live-cattle-rally/

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