# U.S. livestock: CME live cattle hold modest gains - AgCanada

> Chicago Mercantile Exchange nearby live cattle contracts settled with modest gains on Monday, supported by discounts to last week's futures and firm wholesale beef demand. Profit-taking after new highs capped the advance, and May feeder cattle ended 0.95 cent/lb lower.

- Date: 2017-05-01 · published 2017-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7067-u-s-livestock-cme-live-cattle-hold-modest-gains-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firm cash cattle and wholesale beef prices support live cattle values, while weaker feeder futures signal softer near-term feeder pricing for feedlot buyers.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-05-01 | 1 | -3.5% | -4.5 | Dated the day of the move: it describes profit-taking after new highs and weaker feeder cattle, which fits a sharp one-day pullback in live cattle futures, though it reports modest gains in nearby contracts. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-hold-modest-gains

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