# US feeder cattle markets slide on profit-taking - CME
						 | The Beef Site

> CME feeder cattle futures fell Wednesday on profit-taking after reaching a four-month high earlier in the week. April feeders closed 3.85 cents lower at 255.100 cents per pound, and live cattle also weakened. Traders also monitored a major wildfire in northern Texas, where a disaster declaration covered 60 counties.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31812-us-feeder-cattle-markets-slide-on-profit-taking-cme-the-beef-site
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Profit-taking and a corn rebound pressured feeder futures, but tight herd supplies keep the cattle complex supported and feed demand firm. Traders should watch the Texas wildfire for possible short-term livestock disruption.

## Read by commodity

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

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/us-feeder-cattle-markets-slide-on-profit-taking-cme

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