# U.S. livestock: CME live cattle resume trek to nine-month low - AgCanada

> CME live cattle futures hit a nine-month low for the fourth time in five sessions on Aug. 23, weighed by seasonally soft wholesale beef demand and lower cash prices. Fund liquidation pushed deferred contracts below key technical support, and August feeder cattle closed down 0.45 cent to 141.625 cents.

- Date: 2017-08-23 · published 2017-08-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69584-u-s-livestock-cme-live-cattle-resume-trek-to-nine-month-low-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Softer cash and cutout prices reduce the value of fed cattle and feeder supplies, so buyers of cattle-linked feed should expect lower livestock prices to persist 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-resume-trek-to-nine-month-low

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