U.S. livestock: Feeders set fresh highs, hogs mixed

Chicago cattle futures ended Tuesday largely up, with feeder contracts setting recent highs. Hogs have been combined.

Most-active October stay cattle contracts hovered just under highs at 231.350 cents a pound, up 0.175 cents. December stay cattle misplaced 0.025 cents per pound to settle at 233.250 cents.

Most-traded September feeder contracts closed at 352.425 cents a pound, up 1.500 cents. October feeders settled at 352.300 cents per pound, up 2.050 cents. Each have been contract highs.

Alternative boxed beef was valued at $407.20 per cwt within the USDA’s afternoon report—up $2.96 from Monday. Choose boxed beef closed at $379.76 per cwt, up $2.62.

Most-active October lean hog futures closed at 90.150 cents a pound, up 0.025 cents. December lean hogs settled at 82.975 cents, down 0.475 cents per pound.

The USDA reported pork carcass cutout worth at $112.41 per cwt on Tuesday afternoon, down $3.95 from Monday.

On Tuesday, USDA officers introduced they’d given the U.S. Meals and Drug Administration (FDA) energy to shortly authorize veterinarians and farmers to deal with or forestall infestations of New World screwworm with animal medication accepted for different functions or accessible in different international locations.

No instances of the flesh-eating parasite have been confirmed within the U.S., nevertheless a case in Mexico about 370 miles from the border prompted the USDA to shut the border to Mexican cattle.

The USDA said on Friday it will spend as much as $750 million to construct a facility in Texas that produces sterile flies. Agriculture Secretary Brooke Rollins didn’t say when the plant would open however beforehand stated such a facility would take two to a few years to construct.

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