# Live cattle, feeder cattle futures tick down - CME
						 | The Cattle Site

> CME lean hog futures pulled back from contract highs as traders took profits ahead of month-end, with December hogs settling 0.575 cents lower at 83.8 cents per pound. Live and feeder cattle futures also ticked down as boxed beef values weakened, with the choice cutout falling $1.84 to $317.60 per cwt.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8078-live-cattle-feeder-cattle-futures-tick-down-cme-the-cattle-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Profit-taking and fears of a seasonal drop in pork cutout values weigh on hog and cattle futures in the near term. Feed buyers may see softer livestock prices, though strong consumer demand limits the downside.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2024-10-31 | 1 | -1.9% | -4.1 | Reports live and feeder cattle futures ticking down on Oct 31 as the Choice cutout weakened $1.84, directly matching the one-day drop through lower beef values and profit-taking. |
| FCATTLE | 2024-10-31 | 1 | -2.0% | -3.9 | Dated Oct 31, it reports live and feeder cattle futures ticking down as the choice cutout fell $1.84, a direct demand and sentiment driver of the one-day drop. |
| LCATTLE | 2024-11-01 | 1 | -1.9% | -4.0 | Reports live and feeder cattle futures ticking down on 2024-11-01 as boxed beef values weakened (choice cutout down $1.84), a direct demand/wholesale-price mechanism for the one-day drop. |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/live-cattle-feeder-cattle-futures-tick-down-cme
- thecattlesite.com: https://www.thecattlesite.com/news/live-feeder-cattle-futures-ease-cme

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