Chicago cattle futures rallied on Monday following losses in the previous trading session. Hogs also rose.
Most-active December live cattle contracts closed at 236.275 cents a pound, up 4.350 cents. October live cattle settled at 234.600 cents a pound, up 4.625 cents.
Most-traded October feeder cattle futures settled at 354.500 cents a pound, up 8.700 cents. November contracts closed at 350.250 cents a pound, up 7.000 cents.
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Choice boxed beef fell by $1.51 per cwt to end the afternoon at $398.53 per cwt, the USDA reported. Select boxed beef rose $0.36 to $378.80 per cwt.
Most-active December lean hogs futures rose 0.225 cents a pound to settle at 88.850 cents. October lean hogs closed at 97.525 cents a pound, up 0.400 cents.
Pork carcass cutout value was $114.07 per cwt in the USDA’s afternoon report, down $0.44.
