Cattle costs on the Chicago Mercantile Change slipped again on Tuesday regardless of earlier positive factors.
The August dwell cattle contract rose to US$212.850 per hundredweight in the course of the day, however ultimately closed at US$209.750, a lack of US$1.250 in comparison with Monday’s shut. The August feeder cattle contract additionally reached its highest worth since Could 13 at US$304.550/cwt. however later ended the day at US$301.225 for a decline of US$0.525.
America Division of Agriculture reported retreats in selection and choose field costs on Tuesday afternoon. Selection packing containers had been down US$0.56/cwt at US$365.44 and choose packing containers confirmed a lack of US$1.59/cwt at US$356.52.
July lean hogs rose to a four-month excessive of US$106.050/cwt., however ended the day in destructive territory, down US$0.400 at US$104.575.
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