U.S. livestock: Cattle futures fall back ahead of cattle on feed report

Chicago reside and feeder cattle futures fell again on Thursday forward of Friday’s cattle on feed report. Hogs had been combined.

“The numbers should not anticipated to look good,” wrote analyst Invoice Allen.

With markets just under file highs, “something is feasible, and tomorrow might present how the markets will transfer for the remainder of the 12 months,” he added.

Most-traded October reside cattle contracts closed at 222.150 cents a pound, down 1.350 cents. August reside cattle settled at 225.800 cents per pound, down 1.225 cents.

Most-active August feeder cattle futures closed at 328.900 cents, down 2.625 cents a pound. September contracts settled at 329.650 cents a pound, down 2.250 cents.

Selection boxed beef gained $0.57 to sit down at $368.09 per cwt within the USDA’s afternoon report. Choose boxed beef was valued at $347.00 per cwt, up $1.61.

Most-traded October lean hog contracts closed at 91.100 cents a pound, up 0.200 cents. August lean hogs misplaced 0.275 cents to settle at 108.200 cents a pound.

Pork carcass cutout worth sat at $117.54 per cwt, up $0.30.