U.S. livestock: Cattle, hog futures rise on first WASDE since September

Chicago cattle and hog futures made modest beneficial properties on Friday after the USDA launched its first World Agricultural Provide and Demand Estimates (WASDE) for the reason that the U.S. authorities shut down on October 1.

Most-active February reside cattle futures rose by 0.575 cents to shut at 219.525 cents a pound. December contracts settled at 219.150 cents a pound, up 0.150 cents.

Most-traded January feeder cattle futures closed at 320.550 cents per pound, up 2.100 cents. March contracts had been up by 1.575 cents a pound at 313.350 cents.

Alternative boxed beef was valued at $370.73 per cwt, down $2.84 within the USDA’s afternoon report. Choose beef fell by $0.79 to $354.24 per cwt.

The USDA lowered its forecast for 2025 pink meat and poultry manufacturing from its September numbers, together with decrease beef, pork and turkey manufacturing offset partially by increased broiler manufacturing.

Anticipated beef manufacturing in 2026 was lowered based mostly on lowered steer and heifer slaughter with slower fed cattle marketings anticipated into the primary half of the 12 months. Pork manufacturing was additionally lowered on expectations of decrease hog provides.

The USDA famous that, as a result of authorities shutdown, it was lacking some knowledge sources for November’s WASDE.

Most-active December lean hog futures closed at 78.500 cents per pound, up 0.425 cents. February contracts settled at 79.375 cents, up 0.525 cents.

Pork carcass cutout worth sat at $97.22 per cwt within the USDA’s afternoon report, up $1.96.

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