# CME live cattle falls to fresh contract lows

> CME live cattle futures fell to fresh life-of-contract lows on Friday, extending losses for a third session. The October contract traded near 103.275 cents per pound, and choice beef prices had declined to the lowest level since December. Trading limits were expanded after Thursday's limit-down move.

- Date: 2016-09-03 · published 2016-09-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9460-cme-live-cattle-falls-to-fresh-contract-lows
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weaker cash cattle and wholesale beef prices pulled futures lower, which signals cheaper finished-cattle values for feedlots and reduced feeding margins. The move is largely technical selling on top of weak cash trade.

## Read by commodity

- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-09-06 | 5 | -7.0% | -3.6 | Futures hit fresh contract lows on Sept 2 for a third session as boxed beef fell to its lowest since December, extending the selloff. |

## Sources

- brecorder.com: https://www.brecorder.com/news/4432873

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