U.S. livestock: Cattle futures drop Friday

Cattle futures on the Chicago Mercantile Alternate fell from close by highs Friday, with profit-taking to finish the week weighing on values. U.S. markets will likely be closed Monday for Martin Luther King Jr. Day.

• The February stay cattle contract misplaced 3.900 cents per pound at 232.150 cents. Feeder cattle have been down 8.100 cents within the March contract at 356.450 cents per pound.
• Tight cattle provides within the U.S. and expectations for rising beef demand ought to stay supportive for cattle costs going ahead, stated analysts.
• Mexico confirmed eight new circumstances of New World screwworm close to the Texas border.
• The USDA reported wholesale boxed beef costs have been larger, with alternative containers up $1.61 at $362.38 per hundredweight and choose containers up $0.48 at $360.19/cwt.
• Lean hog costs have been up 0.475 cents per pound within the February contract at 88.275 cents per pound. Rising carcass cutout costs have been tied to the energy.

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