U.S. livestock: Cattle, hog futures drop on signs of economic contraction

Chicago cattle and hog contracts fell throughout the board as U.S. advance gross home product knowledge pointed to the primary quarterly decline in three years.

“This morning’s financial knowledge set the tone for a decrease commerce in most markets and cattle futures responded to the defensive worth motion,” wrote analysts at Swift Buying and selling Firm.

“The US economic system is slowing. Much less spending energy, increased mounted prices and leveraged US shopper are all contributing to recession fears that if materialized, will work its approach into discretionary spending habits.”

U.S. actual gross home product decreased at an annual price of 0.3 per cent within the first quarter of 2025 based on U.S. Bureau of Financial Evaluation advance estimates.

Most lively June stay cattle futures settled at 208.400 cents a pound, down 1.8 cents. August stay cattle closed at 204.050 cents, down 1.625 cents a pound.

Most lively August feeder cattle closed at 295.025 cents a pound for a lack of 1.875 cents. Could feeders settled at 292.575 cents per pound for a lack of 1.450 cents.

Alternative boxed beef slid $2.95 to shut at $345.31 per cwt, the USDA reported. Choose boxed beef ended the day at $322.02 per cwt, down $1.80.

Most lively June lean hog contracts closed at 98.600 cents per pound, a lack of 1.175 cents. July lean hogs settled at 98.600 cents a pound, down 1.000 cents.

The USDA reported pork carcass cutout worth at $96.61 per cwt, up $0.02.

—With recordsdata from Reuters

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