U.S. livestock: Cattle futures rise, hogs fall on WASDE

Chicago cattle futures rose whereas hogs slipped again because the USDA raised its forecast for 2026 pork and beef manufacturing.

Most-traded February reside cattle futures gained 1.525 cents to shut at 235.250 cents per pound. April contracts settled at 236.075 cents a pound, up 1.400 cents.

Most-active March feeder cattle closed at 356.175 cents a pound, up 1.475 cents. April contracts gained 1.400 cents to settle at 354.450 cents a pound.

Selection boxed beef was valued at $357.11 per cwt on Monday afternoon, up $1.48, the USDA reported. Choose beef gained $5.88 to surpass alternative beef at $358.05 per cwt.

Most-active February lean hog contracts closed at 84.425 cents a pound, down 0.875 cents. April lean hogs misplaced 1.025 cents to settle at 90.750 cents per pound.

Pork carcass cutout worth settled at $93.10 per cwt, up $0.78.

The USDA raised its forecast for beef manufacturing in 2026 to 25,802 million kilos from 25,792 million kilos in December. It stated this was based mostly on heavier dressed weights which it stated will greater than offset lowered fed cattle slaughter within the second half of the 12 months.

Pork manufacturing forecasts have been additionally raised to twenty-eight,229 million kilos from 27,489 million kilos in December based mostly on higher-than-expected pig crops within the second half of 2025.

The USDA raised its forecast for cattle costs in 2026 based mostly on latest value information and expectations of tighter cattle provides within the second half of the 12 months. Hog costs have been unchanged because the final World Agricultural Provide and Demand Estimates report.

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