# Cattle Futures Hit Upper Limit on Higher Cash Prices | Fox Business

> Cattle futures closed at their upper daily limit on Thursday as traders moved to close the discount to higher cash prices. Packers bought cattle in southern states at up to 1.37 per pound, and June live cattle futures rose 3 cents. Hog futures slumped as traders reduced bullish bets.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9898-cattle-futures-hit-upper-limit-on-higher-cash-prices-fox-business
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A basis correction driven by higher packer bids and wide margins supports cattle futures, while weaker hog futures point to softer pork pricing. The move is largely a market-driven adjustment rather than a supply change.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/cattle-futures-hit-upper-limit-on-higher-cash-prices

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