U.S. livestock: Cattle mostly lower; hogs mostly up

Most Chicago cattle futures slipped again on Thursday whereas most hog futures made slight positive factors.

Most lively August reside cattle contracts closed at 216.950 cents a pound, down 1.075 cents. October reside cattle settled at 214.350 cents, down 0.675 cents a pound.

Most lively August feeder cattle gained 0.175 cents to shut at 311.250 cents per pound. September feeders settled at 310.550 cents, down 0.250 cents a pound.

Selection boxed beef was valued at $376.72 per cwt, up $1.96, the USDA reported. Choose boxed beef sat at $363.07 this afternoon, up $2.32.

On Wednesday, August reside cattle contracts had pulled again as a consequence of stories of U.S. Immigration and Customs Enforcement (ICE) raids on an Omaha, Nebraska meat packer. An Omaha newspaper on Tuesday mentioned ICE had raided native Tyson and JBS crops, however these corporations mentioned the stories had been false.

U.S. grains: Soybeans hit 1-wk low on demand worries; wheat sags, corn firms

U.S. soybean futures fell to one-week lows on Thursday as weak domestic cash markets, poor weekly export sales and worries about the size of U.S. biofuel mandates raised fears about demand for the oilseed, brokers said.

Fears over the unfold of parasite screwworm added to strain, wrote analyst Oliver Sloup.

M0st lively August lean hog contracts closed at 110.175 cents, down 0.025 cents a pound. July lean hogs settled at 108.900 cents a pound, up 0.050 cents.

P0rk carcass cutout worth sat at $114.50 per cwt within the USDA’s afternoon report. That’s up $1.42 from Wednesday.

The USDA’s World Agricultural Provide and Demand Estimates (WASDE), launched as we speak, lowered complete U.S. pink meat and poultry manufacturing from final month. Beef manufacturing was lowered on decreased steer and heifer slaughter within the second quarter and on decreased cow slaughter in the remainder of the 12 months.

Pork manufacturing forecasts had been unchanged.

—With information from Reuters