U.S. livestock: Cattle futures slide on human screwworm case report

Chicago cattle futures fell on Monday after the USDA reported a human case of New World screwworm within the U.S.

The case, investigated by the Maryland Division of Well being and the U.S. Facilities for Illness Management and Prevention, was confirmed by the CDC as New World screwworm on August 4, and concerned a affected person who returned from journey to El Salvador, HHS spokesman Andrew G. Nixon informed Reuters.

No animal instances have been confirmed within the U.S. this yr. The U.S. closed its border to Mexican cattle imports in July attributable to a case of New World Screwworm.

U.S. grains: Soybeans fall as hopes for Chinese demand wane; corn, wheat firm

Chicago soybeans fell on Monday after hitting two-month highs on Friday, as industry players lost confidence that Chinese buyers would purchase U.S. soybeans, while dealers assessed exemptions granted to U.S. crude oil refiners for use of soy-based biofuels.

Most-active October reside cattle contracts closed at 236.825 cents a pound, down 1.050 cents. December reside cattle settled at 238.050 cents per pound, a lack of 1.100 cents.

Most-traded October feeder cattle futures closed at 360.750 cents a pound, down 1.750 cents. September feeders settled at 361.900 cents a pound, down 0.775 cents.

The USDA reported alternative boxed beef at $408.49 per cwt Tuesday afternoon, up $0.58. Choose boxed beef settled at $385.38 per cwt, up $1.72.

Most-active October lean hog futures settled at 91.400 cents a pound, up 0.200 cents. December lean hogs closed at 84.750 cents per pound, up 0.375 cents.

Pork carcass cutout worth was reported at $114.17 per cwt on Tuesday afternoon, up $1.28.

—With information from Reuters, costs reported in U.S. {dollars}.