U.S. livestock: Cattle prices down, hogs rise again

Dwell and cattle futures on the Chicago Mercantile Trade retreated for a second session, whereas lean hogs prolonged their rally.

The August dwell cattle contract declined by 12.5 U.S. cents per hundredweight to finish the day at US$223.550 and exhibiting a weekly acquire of US$1.350. October dwell cattle misplaced 50 cents/cwt. to shut at US$219.825, which was up 12.5 U.S. cents from July 11.

August feeder cattle retreated by US$1.000/cwt. at US$324, down US$1.325 from every week earlier. September feeder cattle fell by US$1.225/cwt. to finish Friday at US$324.200, down US$1.20 week-by-week.

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Costs for selection containers improved by 27 cents at US$373.55 as of this afternoon, whereas these for choose containers declined US$2.35 at US$351.49, in response to america Division of Agriculture.

The USDA estimated weekly cattle slaughter as of July 17 at 458,000, down 20,000 from the identical week final yr.

August lean hogs made positive factors for the fourth consecutive day, including 65 U.S. cents/cwt. to shut at US$106.475 for a weekly acquire of US$1.80. October lean hogs rose for the third straight session by 2.5 U.S. cents/cwt. at US$90.625, down 2.5 cents from the week earlier than.

The USDA reported the weekly hog slaughter as of July 17 at 1.87 million, down 38,000 from one yr in the past.