U.S. livestock: Cattle futures continue downward

Cattle futures on the Chicago Mercantile Trade had been weaker on Thursday, as an absence of contemporary information continued to weigh on values.

The December stay cattle contract dropped 6.275 cents per pound at 219.000 cents. Feeder cattle fell 9.025 cents within the January contract at 318.450 cents per pound.

The U.S. Division of Agriculture reported wholesale boxed beef costs had been weaker, with alternative packing containers dipping 88 cents at $373.57 per hundredweight and choose packing containers down $4.91 at $355.03/cwt.

U.S. grains: Soy hits 17-month high, corn to four-month top as trade braces for U.S. data

Chicago Board of Trade soybean futures rose on Thursday to their highest in nearly 17 months as traders awaited a U.S. government crop report that was expected to lower yield estimates, while also bracing for the resumption of export data to give clues on Chinese buying.

The reopening of america authorities did not generate the features as seen within the grain and oilseed markets.

Lean hog costs had been weaker, with the December contract gave up 2.550 cents at 78.075 cents per pound. Federally inspected hog slaughter for Thursday was estimated at 494,000 head by the USDA, taking the weekly complete to 1.94 million head.