Chicago cattle futures regained a floor on Monday to keep up a reasonably degree trajectory after final week’s fall.
Most-active December reside cattle futures closed at 232.200 cents a pound, up 2.525 cents. February contracts gained 2.725 cents to settle at 230.400 cents per pound.
Most-traded January feeder cattle settled at 336.525 cents a pound, up 4.625 cents. March feeders gained 5.400 cents to shut at 332.525 cents per pound.
The USDA reported selection boxed beef at $379.25 per cwt, up $1.12 on Monday afternoon. Choose beef was valued at $359.93 per cwt, up $1.28.
Hog futures continued their downward drift. Most-active December lean hog futures closed at 80.600 cents a pound, down 0.675 cents. February contracts misplaced 0.325 cents to settle at 82.200 cents a pound.
Pork carcass cutout worth sat at $101.65 per cwt within the USDA’s afternoon report — a lack of 30 cents.
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