Chicago cattle futures fell while hog contracts made modest gains after trading resumed on Friday following the Juneteenth holiday.
Most active August live cattle closed at 209.825 cents per pound, down 1.850 cents. October contracts settled at 207.350 cents per pound, down 1.875 cents.
Most active August feeder contracts closed at 302.450 cents a pound, down 1.725 cents. September feeders settled at 302.225 cents a pound, down 1.575 cents.
Choice boxed beef closed at $390.50 per cwt, down $3.29. Select boxed beef was valued at $376.95 per cwt, up $2.36, the USDA said.
The USDA put out its June cattle on feed report on Friday. Cattle and calves on feed totalled 11.4 million head as of June 1, one per cent down from a year prior. May feedlot placements were down eight per cent from 2024. Marketings of fed cattle in May totaled 1.76 million head, 10 per cent down from 2024.
Most-traded August lean hog contracts settled at 112.450 cents a pound, up 0.450 cents. October lean hogs closed at 96.025 cents per pound, up 0.875 cents.
Pork carcass cutout value ended at $122.14 per cwt, up $3.16 according to the USDA’s afternoon report.
