U.S. livestock: Cattle, hogs mostly up

Chicago cattle futures ended principally up on Wednesday whereas hogs additionally gained floor.

Most-active April reside cattle closed at 228.375 cents a pound, up 1.475 cents. December futures edged down 0.025 cents to shut at 226.800 cents a pound.

Most-traded January feeder cattle futures settled at 338.375 cents a pound, up 2.875 cents. March contracts closed at 332.825 cents, up 2.675 cents a pound.

U.S. grains: Wheat futures slide on rising world production estimates

U.S. wheat futures fell more than one per cent on Wednesday to their lowest since late October on reminders of…

Selection boxed beef fell by $1.68 to finish the afternoon at $359.36 per cwt. Choose beef closed at $344.88 per cwt, down $3.15.

“Cattle feeders seem to have gone backwards at the moment,” wrote analyst Christopher B. Swift. “Feeder cattle, each money and futures, had been greater than the fats market, and bins broke to a brand new low from historic excessive at the moment.”

“Deliveries to the December recommend either side are prepared to make and take supply. The importance of value expanse could have positioned each purchaser and vendor in a really worthwhile place.”

Most-active February lean hog futures closed at 82.425 cents a pound, up 0.550 cents. April contracts settled at 87.375 cents a pound, up 0.850 cents.

The USDA reported pork carcass cutout worth at $97.27 per cwt, up $0.83.