Chicago Mercantile Exchange feeder cattle futures climbed on Wednesday ahead of the USDA’s Cattle on Feed report, slated for release Friday.
Most active May feeders settled at 287.500 cents a pound, up 2.250 cents. August feeder cattle closed at 291.900 cents, up 2.425 cents per pound.
Most active June live cattle gained 1.850 cents to close at 202.850 cents a pound. April live cattle settled at 206.825 cents a pound, up 1.450 cents.
Choice boxed beef ended the day at $329.61 per cwt, up $6.29, the USDA reported. Select boxed beef slid $0.55 to settle at $308.68 per cwt.
Most active April lean hogs settled at 85.575 cents a pound, down 2.025 cents. June lean hog contracts closed at 96.500 cents a pound, down 0.850 cents.
The USDA put pork carcass cutout value at $95.19 per cwt, down $0.45.
