U.S. livestock: Cattle rise as Mexican imports questioned

Chicago cattle contracts rose on Monday because the U.S. threatened to to dam Mexican cattle imports over New World screwworm considerations.

U.S. Agriculture Secretary Brooke Rollins despatched a letter to Mexico’s agriculture minister on Saturday with a warming that the U.S. would limit livestock imports if Mexico didn’t take additional motion in opposition to the parasitic worm. Late final 12 months the USDA quickly blocked imports from its southern neighbour over instances of New World screwworm.

By Monday afternoon, Rollins stated the U.S. and Mexico had reached an agreement on the matter.

Most lively June stay cattle futures settled at 209.600 cents per pound, up 1.350 cents. August stay cattle closed at 205.325 cents a pound for a acquire of 1.225 cents.

Most lively August feeder cattle futures closed at 294.950 cents per pound, up 0.650 cents. September feeders settled at 294.075 cents, up 0.525 cents a pound.

Selection boxed beef spiked to $342.70 per cwt, up $6.22. Choose boxed beef closed at $325.12 per cwt, a acquire of $5.01, the USDA reported.

Most lively June lean hogs closed at 101.000 cents a pound, down 0.150 cents. July lean hogs settled at 101.225 cents, up 0.050 cents a pound.

Pork carcass cutout worth settled at $97.62 per cwt, down $0.42.

—With information from Reuters

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