Chicago cattle futures prolonged document highs on Monday whereas lean hogs additionally noticed positive aspects.
Most energetic August stay cattle closed at 219.250 cents a pound, up. 0.375 cents. October stay cattle settled at 215.875 cents, up 0.350 cents per pound.
Most energetic August feeder cattle contracts settled at 311.650 cents a pound, up 1.500 cents. September feeders gained 1.575 cents to shut at 310.700 cents a pound.
Alternative boxed beef ended the day at $367.25 per cwt, up $2.17, the USDA reported. Choose boxed beef closed at $358.93 per cwt, a achieve of $2.20.
“Customers haven’t seen something but as field costs proceed to climb, and with fat larger final week, and probably this, these field costs might be anticipated to climb additional,” wrote analyst Christopher B. Swift.
Most energetic July lean hog futures closed at 107.200 cents a pound, up 0.100 cents. August lean hogs settled at 110.100 cents per pound, up 0.700 cents.
Pork carcass cutout worth misplaced $1.22 to finish the day at $110.29 per cwt, the USDA reported.
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