# Strong Seasonal Beef Demand Reignites Cattle Market's Flame

> Live cattle futures gained about $4.90 to $4.93 for the week ending May 17, with August closing at $179.05, the highest since late March. Southern cash cattle traded mostly at $186 and dressed northern cattle near $300, both about $2 to $5 higher than the prior week.

- Date: 2024-05-20 · published 2024-05-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6979-strong-seasonal-beef-demand-reignites-cattle-market-s-flame
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Seasonal boxed beef demand lifted cash and futures prices, with the August contract breaking out of its trading range. Stronger cash prices support continued futures gains.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/sort-cull/blog-post/2024/05/20/strong-seasonal-beef-demand-cattle

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