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Cattle Futures Drop as Traders Take Profits

1/7/2025

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Summary

Story summary

CME feeder cattle futures declined as traders took profits after hitting multi-month highs, settling at 264.175 cents per pound.
February live cattle closed at 194.050 cents, while lean hogs decreased to 80.775 cents.
Strong demand in cash trading led to rising live cattle prices in multiple regions.
Weekly estimated slaughter rates are higher than last week but lower than last year.

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Story summary

CME feeder cattle futures declined as traders took profits after hitting multi-month highs, settling at 264.175 cents per pound.
February live cattle closed at 194.050 cents, while lean hogs decreased to 80.775 cents.
Strong demand in cash trading led to rising live cattle prices in multiple regions.
Weekly estimated slaughter rates are higher than last week but lower than last year.