# CME update: live cattle futures hit five-week low on technical selling and weak beef prices
						 | The Cattle Site

> CME live cattle futures fell to their lowest levels in more than five weeks on 1 March 2021 as technical selling hit the market. The most-active April contract was down about 6% from its 16 February life-of-contract high, and boxed beef cutout values dropped. April feeder cattle also touched a one-month low.

- Date: 2021-03-02 · published 2021-03-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7326-cme-update-live-cattle-futures-hit-five-week-low-on-technical-selling-and-weak
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Falling cutout values and technical selling pressure cattle futures, and traders said futures looked high relative to cash prices. Feeder buyers can expect softer feeder cattle pricing in the near term.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-03-01 | 1 | +2.6% | 4.3 | Technical selling pushed CME live cattle futures to a five-week low on 1 March 2021 alongside weaker boxed beef, directly matching the sharp one-day move. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/56590/cme-update-live-cattle-futures-hit-five-week-low-on-technical-selling-and-weak-beef-prices

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