U.S. livestock: Cattle mixed, hogs make modest gains

Chicago cattle futures settled on both aspect of unchanged, Tuesday, after setting contemporary highs on Monday. Lean hog contracts made modest features.

Most energetic August reside cattle settled at 211.625 cents a pound for a achieve of 0.025 cents. June reside cattle misplaced 0.500 cents to shut at 216.325 cents a pound.

Most energetic August feeder contracts closed at 306.000 cents a pound, down 0.375 cents. September feeders misplaced 0.050 cents to settle at 305.050 cents a pound.

Alternative boxed beef gained $1.96 to finish the day at $350.10 per cwt, the USDA mentioned in its afternoon report. Choose boxed beef misplaced $0.76 to shut at $334.47 per cwt.

U.S. grains: Soybeans higher on bullish USDA report, US-China trade truce

Chicago soybean futures settled higher on Tuesday on strength from a temporary truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report, though profit-taking pressured prices throughout the session.

The USDA is forecasting beef manufacturing and exports to fall in 2026 as tight cattle provides proceed, in response to the company’s World Agricultural Provide and Demand Estimates (WASDE), which was launched on Monday. In consequence, cattle costs are projected to surpass 2025 ranges.

The company additionally raised 2025 cattle worth forecasts because of current energy and expectations that cattle provides will tighten within the second half of the yr.

Most energetic June lean hog futures gained 1.200 cents to shut at 99.500 cents. July lean hogs settled at 103.200 cents a pound, up 0.725 cents.

The USDA reported pork carcass cutout worth at $97.02 per cwt, up $0.51.

The USDA trimmed projections for pork manufacturing in 2025 as slaughter is predicted to sluggish within the second half of the yr, whereas pork export estimates had been raised. In 2026, pork manufacturing is predicted to rise on elevated hog provides.