# U.S. livestock: More short-covering extends CME live cattle gains - Country Guide

> CME live cattle futures rallied on short-covering, with April live cattle up 1.25 cents to 126.8 cents and June up 2.15 cents. Feeder cattle contracts also gained as traders judged the previous week's selloff overdone. Packer margins improved sharply after the cash price decline.

- Date: 2016-04-26 · published 2016-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8272-u-s-livestock-more-short-covering-extends-cme-live-cattle-gains-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Improved packer margins and short-covering support futures after a steep decline, though cash cattle prices remain well below prior levels. The rebound is more technical than a change in underlying supply.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-more-short-covering-extends-cme-live-cattle-gains/

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