# U.S. livestock: CME live cattle hit new contract lows before report - Country Guide

> CME live cattle futures fell to new contract lows ahead of USDA's Cattle on Feed and cold storage reports. Cash cattle traded at $125-$128/cwt, down from $133-$136 the prior week, and feeder contracts also hit new lows. Traders cited cheaper corn as a possible driver of heavier cattle weights.

- Date: 2016-04-22 · published 2016-04-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8270-u-s-livestock-cme-live-cattle-hit-new-contract-lows-before-report-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Weak cash cattle prices and expectations of more placements and heavier market weights add near-term supply pressure on feeder and fed cattle prices. Lower corn costs did not offset the bearish sentiment in the feeder complex.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-04-25 | 1 | -2.5% | -3.9 | Futures hit new contract lows on lower cash trade ahead of USDA reports, building bearish momentum and sentiment into the following session. |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-hit-new-contract-lows-before-report/

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