# Supply concerns drive CME live cattle to new contract high | Financial Post

> CME live cattle futures closed at new contract highs amid concerns about tightening U.S. supplies. A USDA report showed feedlot cattle numbers down 1% year over year and September placements down 4%, while lean hog futures firmed on steady cash prices.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8065-supply-concerns-drive-cme-live-cattle-to-new-contract-high-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tighter cattle supplies and firm hog cash prices support feed demand outlook and livestock prices, though brokers warn of a possible near-term correction.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/supply-concerns-drive-cme-live-cattle-to-new-contract-high
- thebeefsite.com: https://www.thebeefsite.com/news/supply-concerns-drive-live-cattle-to-new-contract-high-cme

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