# U.S. livestock: CME live cattle futures score 10-month high - Country Guide

> Chicago Mercantile Exchange live cattle futures reached their highest level since April 2016 on short covering and brisk wholesale beef demand. Speculators bought deferred contracts after a USDA Cattle on Feed report proved less bearish than expected, and the choice cutout rose $2.10 to $201.06.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8676-u-s-livestock-cme-live-cattle-futures-score-10-month-high-country-guide
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong wholesale beef demand and improved packer margins support higher cash cattle prices and firm feeder futures.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-03-01 | 1 | -3.6% | -5.5 | Futures had just hit a 10-month high on short covering and fund buying, leaving the market overextended and vulnerable to sharp profit-taking. |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-live-cattle-futures-score-10-month-high/

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