Chicago Mercantile Exchange cattle futures fell on Thursday on technical selling after live and feeder cattle futures hit contract highs in the previous day.
Chicago Mercantile Exchange cattle futures fell on Thursday after rising for four consecutive sessions, as traders booked profits and squared positions ahead of the U.S. Department of Agriculture's monthly Cattle on Feed report due after the market's close on Friday, analysts said.
Chicago Mercantile Exchange cattle futures rose for the fourth session in a row on Wednesday, as a continued tight supply of cattle and resilient consumer demand for beef boosted futures, traders said.