# U.S. livestock: CME live cattle limit up on fund buying - Grainews

> CME live cattle futures touched a three-month high on Thursday, with the April contract hitting its daily limit as short-covering and fund buying lifted prices. Traders linked the gains partly to USDA's semi-annual cattle inventory report showing slower herd expansion and to drought shrinking winter pastures.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/66623-u-s-livestock-cme-live-cattle-limit-up-on-fund-buying-grainews
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tighter front-end cattle supplies and cold weather slowing gains support higher live cattle prices, which also lifts feeder cattle and feed demand expectations for feedlots.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-cme-live-cattle-limit-up-on-fund-buying/

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