U.S. livestock: Cattle sink ahead of semi-annual inventory report

Chicago cattle futures fell on Thursday forward of the USDA’s semi-annual cattle stock report. Hog futures had been combined.

Most-traded April reside cattle contracts settled at 237.275 cents a pound, down 1.450 cents. June reside cattle closed at 233.275 cents per pound, down 1.175 cents.

Most-active March feeder cattle futures closed at 365.125 cents a pound, down 0.725 cents. April contracts closed at 363.225 cents per pound, down 1.075 cents.

Selection boxed beef ended the afternoon at $367.66 per cwt, down $2.08 from Wednesday. Choose beef sank by $2.85 to $360.72 per cwt the USDA reported.

The USDA is ready to launch its semi-annual cattle stock report on Friday. Analyst Christopher B. Swift wrote that he was not anticipating a lot for additional declines in cattle numbers. If something, he stated, he anticipated a “minor shock” or a one per cent enhance within the cattle herd.

Most-active April lean hog contracts closed at 95.450 cents a pound, up 0.300 cents. February lean hogs misplaced 0.250 cents to settle at 87.700 cents per pound.

Pork carcass cutout worth settled at 93.43 per cwt, down $1.62, the USDA reported.

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