# U.S. livestock: Cattle rise on fund buying, strong beef demand - Country Guide

> CME cattle futures rose more than 1% on September 4 as funds bought on the first trading day of the month. Strong U.S. beef demand and a choice boxed beef cutout gain of 98 cents to $210.67 supported prices. Feeder cattle also rallied as feed prices were near multi-year lows.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63189-u-s-livestock-cattle-rise-on-fund-buying-strong-beef-demand-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Fund buying and firm beef demand support cattle values, while low feed costs encourage feeder cattle placements. Cheap corn and DDGS support feedlot margins and feed demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cattle-rise-on-fund-buying-strong-beef-demand/

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