U.S. livestock: Cattle regain ground, hogs dip

Chicago cattle futures regained floor on Wednesday after falling off a cliff late final week.

Most-active December dwell cattle contracts closed at 230.900 cents a pound, up 4.325 cents. February futures settled at 229.450 cents, up 5.350 cents per pound.

Most-traded January feeder cattle futures gained 9.150 cents to shut at 334.025 cents per pound. March contracts closed at 328.550 cents, up 8.900 cents.

Alternative boxed beef gained $1.73 to finish the afternoon at $381.38 per cwt, the USDA reported. Choose beef was valued at $361.79 per cwt, up $1.79.

Mexican Agriculture Minister Julio Berdegue stated on Wednesday that Mexico and the USA haven’t but set a date to renew Mexican cattle exports amid an outbreak of the flesh-eating screwworm parasite.

Berdegue stated he spoke to U.S. Agriculture Secretary Brooke Rollins in a video convention and that they’d made advances however nonetheless didn’t have a date for reopening the U.S. border to Mexican cattle.

The U.S. has stored its border largely closed to imports of Mexican cattle since Might in a bid to maintain out New World screwworm.

Most-active December lean hog futures settled at 80.775 cents a pound, down 0.050 cents. February lean hogs closed at 82.325 cents a pound, down 0.125 cents.

Pork carcass cutout worth was set at $100.24 per cwt within the USDA’s afternoon report, up $0.22.

-With information from Reuters

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