# Cattle futures fall on profit-taking following rally - CME
						 | The Cattle Site

> CME lean hog futures hit contract highs for a second straight day as tighter-than-expected US supplies kept wholesale and cash markets strong. Live and feeder cattle futures fell on profit-taking after a rally, as beef cutout values dropped. The Choice boxed beef cutout fell $2.89 to $320.61 per cwt.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12227-cattle-futures-fall-on-profit-taking-following-rally-cme-the-cattle-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firm hog prices support hog-feeding margins and demand for hog feed, while softer cattle futures and cutout values weaken the cattle complex and feeder cattle sentiment.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2024-10-31 | 1 | -1.9% | -4.1 | Profit-taking after a rally and a $2.89 cutout drop on Oct 30 set up downward momentum that carried into Oct 31. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/cattle-futures-fall-on-profit-taking-following-rally-cme

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