By Kelsey Gee 
 

CHICAGO--U.S. cattle futures are narrowly lower Friday, pressured by profit-taking after recovering modest gains from this week's sharp drop to the lowest levels in over a year.

Wholesale-beef prices have edged narrowly lower in the past week, a potential sign of weaker end-user demand, which contributed to a steep drop in cash prices to between $1.41 and $1.47 a pound. After a temporary halt in the recent selloff, futures have resumed a downward slump Friday.

October cattle futures recently shed 0.55 cent, or 0.4%, to $1.4105 a pound at the Chicago Mercantile Exchange. Feeder-cattle futures for September recently declined 0.675 cent to $2.01875 a pound.

The hog market, meanwhile, is little changed. October hog futures were recently flat with Thursday's closing price at 69.45 cents a pound. December futures are down 0.05 cent to 63.975 cents a pound.

Write to Kelsey Gee at kelsey.gee@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

September 04, 2015 10:12 ET (14:12 GMT)