US hog futures closed firm - CME

Cattle futures further decline
calendar icon 9 June 2023
clock icon 1 minute read

Chicago Mercantile Exchange (CME) cattle futures fell on Thursday on wave of follow-through selling after contracts posted their first losses in more than a week on Wednesday, Reuters reported.

Hog futures closed firm but remained below recent peaks.

Benchmark CME August live cattle futures settled down 0.95 cent at 172.25 cents per lb. August feeder cattle finished down 0.45 cent at 238.65 cents per lb.

CME July lean hog futures gained 0.275 cent to 87.2 cents per lb.

In the wholesale beef market, the US Department of Agriculture (USDA) priced choice cuts on Thursday morning at $327.74 per CWT, up $2.55 from Wednesday afternoon. Prices for select cuts gained $2.15 to $303.71 per CWT.

Wholesale pork prices gained $2.32 to $87.47 per CWT, according to USDA data.

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