U.S. livestock: Prices push upward; boxed beef slips back

Reside and fed cattle futures and people for lean hogs on the Chicago Mercantile Change have been increased on Friday.

The June reside cattle contract added 1.600 cents at 196.800 cents per pound.

Could feeder cattle futures superior 3.400 cents at 278.700 cents per pound.

The USDA reported wholesale boxed beef costs have been decrease on Friday afternoon, as selection bins dipped seven cents at $334.22 per hundredweight and choose bins have been down $1.00 at $313.96.

Thursday’s federally inspected cattle slaughter was estimated at 114,000 head, down 9,000 from the earlier Thursday.

The June contract for lean hog costs nudged up 0.150 of a cent on Friday at 93.325 cents per pound.

The division reported Thursday’s federally inspected hog slaughter of 488,000 head, up 34,000 from per week in the past.