# Beef price bounce extends CME live cattle gains

> CME live cattle futures closed higher for a third straight session on Aug. 3, supported by firmer wholesale beef values and technical buying. August cattle finished 0.700 cent higher at 115.225 cents per pound.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69588-beef-price-bounce-extends-cme-live-cattle-gains
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Stronger beef cutout values and futures trading at a discount to cash support cattle prices, which can help feedlot margins for feed buyers in the short term.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock-idUSL1N1KP1QA/

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