U.S. livestock: Cattle mostly lower Monday

Cattle futures on the Chicago Mercantile Alternate had been principally decrease Monday, seeing a modest correction to begin the week after rising in early December.

The February stay cattle contract misplaced 0.475 cents per pound at 226.675 cents. Feeder cattle had been down 2.875 cents within the March contract at 330.425 cents per pound.

An estimated 600,000 head of cattle had been federally inspected for slaughter final week, reported the U.S. Division of Agriculture. That was down barely on the week.

U.S. grains: Soybeans slide below $11 on demand doubts

U.S. soybean futures fell below $11 a bushel on Monday for the first time since October on uncertainty over whether China will buy as much U.S. supply as Washington expects and as South American crop weather favored large soy harvests that could begin in about a month, analysts said.

The USDA reported wholesale boxed beef costs had been combined, with selection containers down $0.30 at $360.90 per hundredweight and choose containers up $1.21 at $348.60/cwt.

Lean hog costs had been up 0.125 cents per pound within the February contract at 82.400 cents per pound. The USDA reported federally inspected hog slaughter final week at 2.702 million head, which was up by 98,210 head from the identical week a 12 months in the past.