# CME live cattle pull back after soaring to all-time highs | Reuters

> CME live cattle futures retreated on Friday, April 14, 2023, after rallying to all-time highs over the previous three sessions. Cash prices had surged as tight U.S. supplies, reduced by bad weather and high feed costs, forced meatpackers to pay more. Analysts said profit-taking and technical selling drove the pullback, though new highs remained possible.

- Date: 2023-04-14 · published 2023-04-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6112-cme-live-cattle-pull-back-after-soaring-to-all-time-highs-reuters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight cattle supplies keep cash and futures prices elevated, so buyers should expect continued volatility around record levels. Profit-taking pulled futures lower, but supply tightness still supports prices.

## Read by commodity

- LCATTLE: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/legal/government/cme-live-cattle-pull-back-after-soaring-to-all-time-highs-idUSL1N36H2VS/

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