U.S. livestock: Cattle mixed despite fresh supply threats

Cattle futures on the Chicago Mercantile Alternate have been blended on Thursday, with contemporary contract highs within the feeder cattle market whereas stay cattle bumped into resistance at their very own highs to settle with small losses.

America blocked cattle imports from Mexico as soon as once more as New World screwworm moved nearer to the border between the 2 international locations. The U.S. had lifted an earlier ban just some days in the past.

Mounting commerce tensions between the U.S. and Brazil additionally supported the cattle market, though chart-based positioning stored any good points in test.

August feeder cattle futures have been up by 0.800 cents per pound at 321.275 cents per pound.

The August stay cattle contract misplaced 0.550 cents per pound at 219.225 cents on the shut.

The U.S. Division of Agriculture reported wholesale boxed beef costs have been decrease on Thursday, with alternative packing containers down $1.79 at $384.66 per hundredweight and choose packing containers down $2.41 at $370.86.

Lean hog costs have been down one cent per pound within the August contract at 106.225 cents.