U.S. livestock: Cattle, hog futures rebound

Chicago cattle and hog futures regained misplaced floor on Thursday.

Most-active February stay cattle futures closed at 235.275 cents a pound, up 0.750 cents. April stay cattle gained 1.050 cents to settle at 236.225 cents per pound.

Most-traded March feeders closed at 357.725 cents a pound, up 2.225 cents. January feeders settled at 362.475 cents per pound, up 2.875 cents.

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Selection boxed beef gained $2.51 to finish the afternoon at $356.79 per cwt, the USDA reported. Choose beef was valued at $352.06 per cwt, up $2.78.

Most-active February lean hog futures closed up 1.075 cents at 85.875 cents per pound. April lean hogs settled at 91.925 cents a pound, up 1.650 cents.

The USDA reported pork carcass cutout worth at $90.79 per cwt, down $1.50.

“As cattle and hog futures markets will stay within the demand offseason from January by way of March, costs might expertise draw back strain,” wrote analyst Andrew Hecht.

“Different components which will impression meat futures embody rising manufacturing prices as a consequence of inflationary pressures, grain and oilseed costs over the approaching months, that are essential animal feed inputs, and U.S. tariffs on worldwide buying and selling companions that produce and devour beef and pork.”