# U.S. livestock: CME live cattle slip on softer cash, beef prices - AgCanada

> CME live cattle futures slipped on Thursday after weaker cash and wholesale beef values, with Plains cash cattle fetching mostly $119/cwt versus $122-125 a week earlier. Processors resisted paying more amid declining margins and Thanksgiving plant closures. USDA export data showed beef exports for the week ended Nov. 9 down 45 percent week over week.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68109-u-s-livestock-cme-live-cattle-slip-on-softer-cash-beef-prices-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Softer cash prices and weaker beef demand signal lower feeder and fed cattle values ahead of the Cattle on Feed report, pressuring cattle prices in the near term.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-slip-on-softer-cash-beef-prices

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