CME cattle futures fall on profit taking, lower beef prices

Chicago Mercantile Exchange cattle futures dropped for a second straight session on Thursday in a profit-taking and technical-selling retreat after sharp gains earlier this week and as wholesale cash beef prices turned lower. An increase in imported cattle supplies from Mexico in recent weeks weighed on the feeder cattle market, but both feeder cattle and live cattle markets remain underpinned by generally strong consumer demand for beef.

Summarised by Agaah from Mint Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.