# U.S. livestock: CME live cattle, hogs slump on profit-taking - AgCanada

> CME live cattle futures fell on Wednesday after profit-taking, with February live cattle closing 0.6 cent lower at 116.775 cents/lb. The choice wholesale beef cutout declined 43 cents to $187.93/cwt, while packer margins were negative at $79.70 per head.

- Date: 2017-02-15 · published 2017-02-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10204-u-s-livestock-cme-live-cattle-hogs-slump-on-profit-taking-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Weak beef cutout values and negative packer margins signal soft demand and pressure on cash cattle prices, which weighs on feeder and live cattle futures.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-live-cattle-hogs-slump-on-profit-taking

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