U.S. livestock: Cattle make small gains, hogs slip back

Most Chicago cattle futures settled with small positive factors after buying and selling close to highs earlier on Wednesday. Lean hogs closed barely down.

Most-active October stay cattle contracts closed at 229.425 cents a pound, up 0.400 cents. December stay cattle settled at 231.400 cents a pound, up 0.500 cents.

Most-traded September feeder cattle futures closed at 346.625 cents a pound, up 0.375 cents. October feeders settled at 345.625 cents per pound, up 0.475 cents.

Alternative boxed beef slipped again by $0.09 to $390.49 per cwt, the USDA reported on Wednesday afternoon. Choose boxed beef was valued at $367.96 per cwt, up $2.32.

ICE Weekly: Canola correction brightens outlook

Canola prices made up some ground on Aug. 13, which caused a bit of uncertainty as to where prices could go in the coming weeks.

Most-active October lean hog futures settled at 90.775 cents a pound, down 0.825 cents. December lean hogs closed at 83.050 cents a pound, down 0.750 cents.

Pork carcass cutout worth was reported at $116.50 per cwt, up $1.80.

The USDA diminished its forecast for 2025 pink meat and poultry manufacturing in its August 12 version of the World Agricultural Provide and Demand Estimates (WASDE).

Forecasted annual beef manufacturing was lowered to 25,926 million kilos from 26,188 million kilos in July. This was based mostly on diminished cattle slaughter and lighter dressed weights, the USDA stated.

Predicted annual pork manufacturing was diminished to 27,747 million kilos from 28,041 million kilos in July. This was based mostly on official information from the primary half of the 12 months, slower slaughter charges and diminished dressed weights within the third and fourth quarters.

Cattle costs for 2025 have been raised for the second half of the 12 months based mostly on current value power and resilient beef demand. Forecasts for hog costs have been additionally raised with will increase anticipated into 2026 on tighter provides.