U.S. livestock: Cattle mixed, hogs make small gains

Chicago cattle futures ended blended, whereas lean hogs made small beneficial properties on Friday.

Most lively June reside cattle contracts closed at 214.675 cents a pound — a acquire of 0.425 cents. August reside cattle misplaced 0.425 cents to settle at 209.575 cents per pound.

Most lively August feeder cattle closed at 300.300 cents a pound, a lack of 0.950 cents, whereas Could feeders acquire 0.500 cents to settle at 297.975 cents per pound.

Selection boxed beef ended the day down $1.92 per at $345.97 per cwt, the USDA stated. Choose boxed beef was valued at $331.17 per cwt, a lack of $2.03.

U.S. grains: Chicago soybeans, corn higher ahead of US-China trade talks

Chicago soybean and corn futures bounced on Friday as traders covered short positions ahead of Saturday’s meeting between senior U.S. and Chinese officials and a widely tracked U.S. Department of Agriculture report on Monday, analysts said.

Most lively June lean hog futures closed at 97.575 cents a pound, up 0.400 cents. July lean hogs settled at 97.575 cents for a acquire of 0.175 cents a pound.

The USDA put pork carcass cutout worth at $97.83 per cwt in its afternoon report — a acquire of $3.33 over Thursday.

This weekend, U.S. Treasury Secretary Scott Bessent and chief commerce negotiator Jamieson Greer will meet with Chinese language vice premier He Lifeng in Switzerland to debate the continued commerce warfare between the 2 nations.

U.S. President Donald Trump stated on social media that an 80 per cent tariff on Chinese language items “appears proper.” Nonetheless, White Home spokeswoman Karoline Leavitt stated Trump gained’t unilaterally cut back tariffs. There should be concessions from China as nicely.

—Costs reported in U.S. {dollars}