# Cash discounts lift CME live cattle futures

> CME live cattle futures closed firmer on March 29, supported by short-covering tied to futures trading at a discount to preliminary cash prices. Cash cattle at the Fed Cattle Exchange averaged $131.17/cwt, down from $133.35 the prior week, with packers bidding $126 against asking prices up to $133.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72120-cash-discounts-lift-cme-live-cattle-futures
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower cash trade and packer resistance amid shrinking packer margins point to softer cash fed cattle prices, while the futures discount to cash supports near-term futures.

## Read by commodity

- LCATTLE: neutral

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-cash-discounts-lift-cme-live-cattle-futures-idINL2N1H61NM/

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