# Cattle Rally Stumbles on Profit-Taking | Fox Business

> Cattle futures fell sharply on Friday as money managers booked profits after a rally that made live cattle the best-performing commodity so far in 2017, up 37% for the year. Feeder cattle futures fell to their lower limits, and wholesale beef prices had risen about 15% in less than a month.

- Date: 2017-05-05 · published 2017-05-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11580-cattle-rally-stumbles-on-profit-taking-fox-business
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Profit-taking after a steep rally points to lower cattle futures in the near term, although underlying beef demand remains firm and supports cash prices.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/cattle-rally-stumbles-on-profit-taking

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