# Hogs, cattle lower on profit taking - Brownfield Ag News

> Cattle futures closed lower on Aug. 28 after profit-taking following Monday's gains, with August live cattle at $107.80 and August feeder cattle at $149.35. Direct cash cattle trade was at a standstill, and choice boxed beef closed $1.10 lower at $212.53.

- Date: 2018-08-28 · published 2018-08-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63675-hogs-cattle-lower-on-profit-taking-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Weak boxed beef demand and stalled cash trade point to softer near-term cattle prices, which can reduce demand for feed ahead of the holiday weekend.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/hogs-cattle-lower-on-profit-taking/

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