# US live cattle futures decline on profit taking - CME
						 | The Cattle Site

> On July 12, CME live cattle futures fell on profit-taking after most contracts had reached life-of-contract highs, with August cattle settling down 1.950 cents at 176.875 cents per pound. August lean hogs settled down 2.225 cents at 95.350 cents per pound, and the USDA choice boxed beef price fell to its lowest since June 2.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35211-us-live-cattle-futures-decline-on-profit-taking-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Seasonal softness in beef demand and squeezed packer margins point to lower near-term cattle and hog prices. The moves are a routine pullback rather than a new supply or demand shock.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/us-live-cattle-futures-decline-on-profit-taking-cme

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