BusinessCME Cattle Futures Drop on Profit Taking and Lower Beef Prices
Chicago Mercantile Exchange cattle futures fell for a second consecutive session due to profit-taking and technical selling after earlier gains. December live cattle settled at 223.550 cents per pound, down 0.225 cent, while November feeder cattle dropped 0.925 cent to 334.875 cents. Increased Mexican cattle imports and slow cash market trade pressured prices despite strong consumer beef demand.
Mint Markets·



