U.S. livestock: Cattle regain losses, hogs rise

Chicago cattle futures rose on Tuesday, recouping losses from Monday’s screwworm scare. Lean hog futures additionally rose.

Most-active October stay cattle contracts closed at 238.200 cents a pound, up 1.375 cents. December stay cattle settled at 239.925 cents per pound, a achieve of 1.875 cents.

Most-traded October feeder futures settled at 363.775 cents per pound, a achieve of three.025 cents. September feeder cattle contracts closed at 365.050 cents a pound, up 3.150 cents.

Alternative boxed beef rose by $4.68 per cwt to $413.17, the USDA reported on Tuesday afternoon. Choose boxed beef was valued at $390.76 per cwt, up $5.38.

Reuters reported on Monday {that a} human case of New World screwworm had been confirmed within the U.S., linked to an individual who had travelled to El Salvador. Cattle futures fell after the announcement.

The affected individual has recovered, and a USDA official advised Reuters on Tuesday that the case posed no danger to agriculture.

Most-active October lean hog futures closed at 93.425 cents a pound, up 2.025 cents. December lean hogs settled at 85.925 cents a pound, up 1.175 cents.

Pork carcass cutout worth was reported at $113.05 per cwt, down $1.12.