# U.S. livestock: Spreads help drive up CME live cattle futures - Country Guide

> CME live cattle futures closed higher after investors bought October contracts and sold deferred months in bull spreads. Some traders also bought cattle futures while selling lean hogs. Packer bids for cash cattle in Nebraska and Texas were $101-102/cwt, below asking prices of at least $107.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69105-u-s-livestock-spreads-help-drive-up-cme-live-cattle-futures-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Fund buying on technical breakouts and expectations that cash cattle are bottoming support live cattle prices. Heavier cattle and packer resistance to paying more limit the upside for feeder margins.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-spreads-help-drive-up-cme-live-cattle-futures/

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