LIVESTOCK-Profit-taking drags down CME livestock futures : vimarsana.com

LIVESTOCK-Profit-taking drags down CME livestock futures


7/27/2021
By Tom Polansek
CHICAGO, July 27 (Reuters) - Chicago Mercantile Exchange
live cattle futures fell on Tuesday after rising to their
highest price in more than three weeks, while feeder cattle
pulled back from contract highs on Monday.
Lean hog futures also weakened as traders took money off the
table after recent gains.
Traders said profit-taking hit cattle markets that jumped
after the U.S. Department of Agriculture said in a report on
Friday that fewer domestic cattle were placed in feedlots than
analysts had expected.
Most-active CME October live cattle futures ended
0.775 cent lower at 128.425 cents per pound. Earlier, the

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