U.S. livestock: Hogs rise ahead of 'Hogs and Pigs' report

Chicago cattle futures continued to inch upward on Monday. Hogs additionally rose in anticipation of Tuesday’s Hogs and Pigs report.

Most-active February reside cattle futures closed at 231.425 cents a pound, up 0.625 cents. April reside cattle settled at 231.075 cents a pound, up 1.075 cents.

Most-active March feeder cattle closed at 340.500 cents a pound, up 1.100 cents. January contracts settled at 346.500 cents a pound, up 0.900 cents.

U.S. grains: Wheat leads grains higher with Russian strikes in focus

Chicago | Reuters – Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled…

The USDA reported alternative boxed beef valued at $362.87 per cwt on Monday afternoon, up $1.24. Choose beef rose by $4.67 to $350.69 per cwt.

The Dec. 19 Cattle on Feed report numbered cattle and calves on feed at 11.7 million head as of Dec. 1, down two per cent from the identical month in 2024. November feedlot placements had been 11 per cent under 2024.

Most-traded February lean hog futures closed at 85.350 cents a pound, up 0.850 cents. April lean hogs gained 0.750 cents to settle at 89.875 cents.

Pork carcass cutout worth was $98.41 per cwt on Tuesday afternoon, down $1.35.

Estimates for the USDA’s Hogs and Pigs report present hog stock down one per cent and breeding stock down 1.2 per cent wrote analyst Ben DiConstanzo of Walsh Buying and selling. Market hogs are anticipated to be down 0.9 per cent, pigs per litter up 0.8 per cent and the September-November pig crop down 1.3 per cent from 2024.