# U.S. livestock: More CME live cattle selling on weaker cash outlook - Grainews

> Live cattle futures extended their losing streak to seven sessions as traders anticipated softer cash prices by Friday. Bids in Texas and Kansas were at $115/cwt against seller asks above $120, down from mostly $117 to $118 the prior week. Feeder futures also fell after a bearish USDA Cattle on Feed report showed more placements than expected.

- Date: 2016-08-23 · published 2016-08-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9391-u-s-livestock-more-cme-live-cattle-selling-on-weaker-cash-outlook-grainews
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expectations of weaker cash cattle prices and more supply ahead point to lower live and feeder cattle values for feed buyers and feedlot operators.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-more-cme-live-cattle-selling-on-weaker-cash-outlook/

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