Chicago cattle and hog futures noticed robust will increase throughout the board on Monday.
Most lively August reside cattle contracts closed at 215.550 cents a pound, up 3.100 cents. October futures settled at 212.900 cents, up 2.975 cents a pound.
Most lively August feeder cattle closed at 310.225 cents per pound, up 3.800 cents. September feeder contracts settled at 309.575 cents per pound, up 3.975 cents.
Boxed beef additionally noticed robust good points with selection boxed beef valued at $382.11 per cwt within the USDA’s afternoon report—up $4.23. Choose boxed beef closed at $367.47 per cwt, up $3.97.
Most lively August lean hogs closed at 112.675 cents a pound, up 2.550 cents. July lean hogs settled at 111.800 cents, up 2.325 cents.
Pork carcass cutout worth sat at $119.48 per cwt, per the USDA’s afternoon report.
“Speculators in lean hog futures and choices are regaining some bullish perspective, as their internet lengthy place was elevated by 16,592 contracts as of June tenth. That took them to a internet lengthy of 118,218 contracts,” wrote analyst Austin Schroeder at noon.
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