Nearly all Chicago cattle futures dipped on Wednesday while lean hogs saw gains.
Most active August live cattle closed at 218.025 cents a pound, down 0.175 cents. October live cattle settled at 215.025 cents per pound, down 0.625 cents. June live cattle gained 0.750 cents to eke out another record high at 227.825 cents a pound.
Most active August feeder cattle contracts close at 311.075 cents a pound, down 2.075 cents. September feeders settled at 310.800 cents per pound, down 1.950 cents.
Choice boxed beef settled at $374.76 per cwt, up $3.00. Select boxed beef was valued at $360.75 per cwt, up $0.91 the USDA said in its afternoon report.
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Most active July lean hog contracts gained 0.650 cents to settle at 108.850 cents a pound. August lean hogs closed at 110.200 cents, up 0.400 cents a pound.
Pork carcass cutout value was reported at $113.08 per cwt, up $2.20.
New U.S. consumer data showed prices increased less than expected in May as cheaper gasoline offset higher rents, Reuters reported. Grocery store prices rose 0.3 per cent based on strong increases for foods like cereals and bakery products. Fruit and vegetable prices also rose while eggs, meat and fish all saw declines in cost.
