Glacier FarmMedia | MarketsFarm – Cattle contracts on the Chicago Mercantile Change made small good points on Friday, offering little reduction on the finish of a tricky week.
The August reside cattle contract gained US$0.900 per hundredweight to shut at US$206.750. In the meantime, August feeder cattle noticed a rise of US$1.775/cwt. to finish the day at US$297.600. Nonetheless, sharp losses on Wednesday resulted within the shedding of practically US$3 in each contracts in comparison with per week earlier.
The US Division of Agriculture reported an increase in wholesale boxed beef costs on Friday afternoon, with alternative packing containers up US$2.59/cwt at US$352.49 and choose packing containers exhibiting a rise of US$3.21/cwt at US$342.39.
July lean hogs rose to its highest degree since Feb. 18, transferring up US$0.050/cwt. at US$104.175, whereas recording a weekly achieve of US$3.75/cwt.
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