U.S. livestock: Cattle retreat, hogs rise

Chicago cattle futures retreated on Tuesday as areas of the U.S. reopened following snowstorms.

“Climate impacts on the cattle market ought to start to loosen up beginning right this moment because the area thaws,” StoneX mentioned in a be aware.

Most-active April dwell cattle futures misplaced 0.600 cents to shut at 237.400 cents a pound. June contracts closed at 233.250 cents a pound, down 0.375 cents.

Most-traded March feeder cattle contracts closed at 362.000 cents a pound, down 0.600 cents. April feeders settled at 360.650 cents a pound, down 0.550 cents.

Alternative boxed beef was valued at $368.11 per cwt, down $0.79. Choose beef fell by $1.93 to $365.19 per cwt, the USDA reported.

Most-active April lean hog futures closed at 96.825 cents a pound, up 0.100 cents. June lean hogs gained 0.250 cents a pound to settle at 109.375 cents a pound.

Pork carcass cutout worth settled at $95.69 per cwt, down $1.57.

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