U.S. livestock: Cattle hit fresh highs, hogs inch upward

Chicago cattle futures hit contemporary highs on Monday whereas hogs made small features.

Most-active October dwell cattle contracts settled at 221.625 cents a pound, up 1.800 cents. August dwell cattle closed at 225.225 cents per pound, a achieve of 1.675 cents.

Most-traded August feeder cattle futures closed at 327.600 cents per pound, up 3.600 cents. September feeders settled at 327.700 cents a pound, up 3.500 cents.

Alternative boxed beef, in the meantime, was reported at $372.07 per cwt on Monday afternoon—down $1.48. Choose boxed beef misplaced $1.44 to shut at $350.05 per cwt.

Most-active October lean hog contracts closed at 90.975 cents a pound, up 0.100 cents. August lean hogs settled at 107.350 cents per pound, up 0.875 cents.

U.S. grains: Corn, soybeans fall as rain expected to help U.S. crops

Chicago corn and soybean futures fell on Monday on forecasts for crop-friendly rain in U.S. grain belts this week.

Pork carcass cutout worth was reported at $119.52 per cwt within the USDA’s afternoon report, up $1.73.

Brazil’s finance minister, Fernando Haddad mentioned on Monday {that a} commerce deal might fail to be reached by the start of August—the date on which U.S. President Donald Trump’s 50 per cent tariffs on Brazilian items are as a result of take impact.

Haddad mentioned Brazil has continency plans and will in the end redirect greater than half of its present U.S. exports to different markets.

The U.S. is Brazil’s second-largest purchaser of beef merchandise.

—With recordsdata from Reuters. Costs in USD.