U.S. livestock: Cattle futures climb higher to end week

Cattle futures on the Chicago Mercantile Trade have been stronger on Friday, discovering some assist from recent particulars on the U.S. Division of Agriculture’s plans to cope with new world screwworm.

The U.S. border stays closed to Mexican cattle to maintain screwworm from spreading north, retaining cattle provides tight. The most recent USDA plans embody a US$750 million funding in a Texas facility to supply sterile flies.

September feeder cattle futures have been up by 6.325 cents per pound at 347.355 cents per pound.

The October dwell cattle contract gained 3.825 cents per pound at 230.655 cents on the shut.

The U.S. Division of Agriculture reported wholesale boxed beef costs have been up sharply on the day, with alternative packing containers up $6.78 at $400.57 per hundredweight and choose packing containers up $3.88 at $370.76.

Lean hog costs have been up 0.975 cents per pound within the October contract at 90.100 cents.