Chicago Mercantile Exchange (CME) lean hog futures eased on Monday on profit taking and technical selling as gains last week that took the market to one-month highs and to a premium over the cash market were viewed as overdone, Reuters reported, citing traders.

"We had a good technical rally (last week), a good weekly reversal in the hog market, and the futures market put too much of a premium in the market over cash," said Don Roose, president of US Commodities.

"We're now waiting for better cash market news, a seasonal push higher," he added.

CME May lean hogs fell 0.350 cent to 79.300 cents per pound. Actively traded June lean hogs dropped 2.000 cents to 89.700 cents per pound after rising 6.5% last week.

The cash pork carcass cutout value on Monday fell 85 cents to $80.47 per cwt, led by declines in most pork cuts, according to the US Department of Agriculture.

CME live cattle futures were lower on Monday, pressured by a weak tone to the cash market after two weeks of lower prices at feedlot markets.

The most-active June live cattle contract fell to 164.875 cents per pound, down 0.600 cent from Friday. August futures ended down 1.125 cents at 162.650 cents.

August feeder cattle, the most active contract, dropped 0.625 cent to 230.100 cents.