# Cattle futures continue to rally - CME
						 | The Cattle Site

> CME live and feeder cattle futures rallied on expectations of firm cash markets, while lean hog futures fell to their lowest since February 14 as US packers processed a large pork supply. Hog slaughter was about 484,000 head, above the prior year's pace.

- Date: 2024-05-22 · published 2024-05-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6973-cattle-futures-continue-to-rally-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expected cash strength supports cattle futures, while heavy hog slaughter and processing volumes weigh on lean hog prices. Reduced plant schedules ahead of Memorial Day may cap cattle buying demand.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2024-05-23 | 1 | +4.0% | 4.8 | CME live and feeder futures rallied on expectations of firm cash markets, reflecting momentum and demand sentiment that fed the surge. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/cattle-futures-continue-to-rally-cme

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