# Livestock Futures Drift Lower | Fox Business

> Livestock futures started the week lower as cash cattle and hog prices fell last week on growing herd sizes and seasonal demand softness. August live cattle fell 0.8% to $1.12/lb at CME and August lean hogs fell 1.4% to 80.3 cents/lb.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70084-livestock-futures-drift-lower-fox-business
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavier supplies and weaker seasonal beef demand give packers bargaining power, pressuring cattle and hog prices; a possible pre-Labor Day packer buying push could offer some support.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/livestock-futures-drift-lower

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