U.S. livestock review: Live cattle end lower on profit-taking

U.S. live cattle futures also fell, as the market's recent rally ran out of steam.

CME live cattle for August delivery closed down 1.45 cents, or 1.3%, to $1.117 per pound.

The market had jumped more than 10% in June heading into Wednesday, but the gains were not accompanied by an increase in open interest, leading analysts to question how long the rally could be sustained.

Traders also say packer demand is likely to decline in the next week as July 4 sales are finished.

Market losses accompanied by a tumble in corn futures, which could help spur more cattle production down the road. CME feeder cattle climbed on corn's slump. The August contract closed up 0.175 cents to $1.38 per pound.

1. Beef bull management refresher
2. Beef research and resources update
3. Workshop to discuss nutrient application, management, stewardship
4. Help for flood affected farmers
5. Representative Lucas discusses new Farm Bill
6. U.S. May consumer sentiment highest in nearly 6 years

1. New school lunch beef recipes win approval from kids, foodservice
2. Prices for corn and soybeans, five years from now
3. Drier weather to give big boost to U.S. corn plantings
4. The relationship between retail gasoline prices and futures prices
5. Agriculture is expected to remain strong in the coming decade
6. What sick day? Farmers take just three a year

1. Insects. They’re what’s for dinner!
2. Tyson selects panel to monitor animal welfare program
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Buffet concerned about soil and starvation
6. Cold spring stunts upper Midwest hay crop