U.S. livestock: Cattle strength continues

Cattle futures on the Chicago Mercantile Alternate had been stronger on Friday, hitting contemporary highs to finish the week.

Threats of U.S. tariffs on imports from Brazil remained supportive, because the South American nation is a significant beef provider. Thursday’s transfer by the U.S. to limit Mexican cattle from getting into the nation contributed to the energy within the futures.

August feeder cattle futures had been up by 4.050 cents per pound at 325.325 cents per pound.

The August stay cattle contract gained 2.975 cents per pound at 222.975 cents on the shut.

The U.S. Division of Agriculture reported wholesale boxed beef costs had been combined Friday morning, with alternative containers down $1.11 at $383.55 per hundredweight and choose containers up $1.52 at $372.38.

Lean hog costs had been down 1.550 cents per pound within the August contract at 104.675 cents.