U.S. livestock: Cattle fall back, hogs continue slide

Chicago cattle futures fell again on Tuesday. Hogs continued to slip.

Most-active December stay cattle futures closed at 227.775 cents a pound, down 4.425 cents. February contracts misplaced 5.025 cents to settle at 225.375 cents per pound.

Most-active January feeder contracts misplaced 7.300 cents to shut at 329.225 cents a pound. March feeders settled at 324.925 cents a pound, down 7.600 cents.

U.S. grains: Soybeans retreat after rally, wheat holds at three-month high

U.S. soybean futures fell on Tuesday, retreating from a 16-month high hit a day earlier, as traders awaited Chinese purchases of U.S. cargoes following last week’s trade truce agreed by the world’s two largest economies.

Selection boxed beef fell by $1.67, ending the afternoon at $377.58 per cwt, the USDA reported. Choose beef closed at $361.25 per cwt, up $1.32.

Most-traded December lean hog futures closed at 79.925 cents per pound, a lack of 0.675 cents. February contracts settled at 80.925 cents a pound, down 1.275 cents.

Pork carcass cutout worth fell by $2.48 to finish the afternoon at $99.17 per cwt.

Livestock producers are more and more optimistic about their future in keeping with a survey from Purdue College and the CME Group, the Wall Avenue Journal reported on Tuesday.

“In its month-to-month Ag Economic system Barometer, the group reviews an enchancment in farmer sentiment, pushed largely by a more-optimistic view on present situations amongst livestock producers,” it mentioned.