The June live cattle contract added 1.600 cents at 196.800 cents per pound.

May feeder cattle futures advanced 3.400 cents at 278.700 cents per pound.

The USDA reported wholesale boxed beef prices were lower on Friday afternoon, as choice boxes dipped seven cents at $334.22 per hundredweight and select boxes were down $1.00 at $313.96.

Thursday’s federally inspected cattle slaughter was estimated at 114,000 head, down 9,000 from the previous Thursday.

The June contract for lean hog prices nudged up 0.150 of a cent on Friday at 93.325 cents per pound.

The department reported Thursday’s federally inspected hog slaughter of 488,000 head, up 34,000 from a week ago.

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The June live cattle contract retreated 3.175 cents at 195.200 cents per pound.

May feeder cattle futures dropped 2.900 cents at 275.300 cents per pound.

The USDA reported wholesale boxed beef prices were lower on Thursday afternoon, as choice boxes lost $3.57 at $334.29 per hundredweight and select boxes fell $5.65 at $314.96.

The USDA also said beef export sales for the week ended April 3 of 11,855 tonnes, the highest in three weeks.

Wednesday’s federally inspected cattle slaughter was estimated at 123,000 head, down 2,000 from the previous Wednesday.

The June contract for lean hog prices added 1.475 cents on Thursday at 93.175 cents per pound.

The USDA said export sales of pork amounted to 23,854 tonnes, down by more than half from the previous week.

The department reported Wednesday’s federally inspected hog slaughter reached 487,000 head, up by 25,000 from a week ago.

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Trump said the suspension of the levies comes as more than 75 countries were set to negotiate trade with the U.S. or had not taken retaliatory action. However, Trump increased duties on China to 125 per cent from 104 per cent. Meanwhile, China will further raise their tariffs on the U.S. to 84 per cent.

The June live cattle contract advanced 4.750 cents at 198.375 cents per pound.

May feeder cattle futures climbed 6.475 cents at 278.200 cents per pound.

The USDA reported wholesale boxed beef prices were lower on Wednesday afternoon, as choice boxes shed 24 cents at $337.86 per hundredweight and select boxes lost $1.45 at $320.61.

Tuesday’s federally inspected cattle slaughter was estimated at 122,000 head, for a slip of 1,000 from the previous Tuesday.

Lean hog prices were higher on Wednesday as the June contract stepped up 1.925 cents at 91.700 cents per pound.

The USDA reported Tuesday’s federally inspected hog slaughter amounted to 488,000 head for an increase of 23,000 from a week ago.

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The United States Department of Agriculture reported export sales of 24,907 tonnes for the week ended Jan. 30. That’s up 23.5 per cent from the previous week and the most since August.

The April live cattle contract fell 4.525 cents per pound at 196.775 cents.

March feeder cattle futures dropped 5.425 cents at 265.300 cents per pound.

The USDA reported wholesale boxed beef prices were mixed on Thursday afternoon, with choice boxes down $1.36 at $323.98 per hundredweight while select boxes added $0.44 at $314.77.

Export sales of U.S. pork amounted to 50,671 tonnes, up 51 per cent from the previous week.

Lean hog prices nudged higher on Thursday. The April contract tack on 0.200 of a cent per pound at 91.750 cents.

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Meanwhile, hog futures continued to turn lower on profit-taking two days after the most-active December contract reached its highest since June 3, and as traders squared positions ahead of a key government report.

CME December lean hog futures settled down 0.975 cent at 73.925 cents per pound and February hogs ended down 0.800 cent at 77.825 cents.

CME most-active December live cattle settled up 0.500 cent at 184.825 cents per pound and the spot October contract ended up 1.050 cents at 184.100 cents.

But continued weakness in wholesale beef prices capped gains. The U.S. Department of Agriculture priced choice cuts of boxed beef on Thursday morning at US$296.64 per hundredweight (cwt), down $1.53 from Wednesday. Select cuts fell by 35 cents at $282.93 per cwt.

The USDA reported Thursday’s cattle slaughter at 124,000 head, up from 122,000 head a week earlier.

Feeder cattle futures ended higher with the November contract finishing up 0.925 cent at 244.975 cents per pound.

After the market closed Thursday, USDA said in its quarterly hogs and pigs report that the U.S. hog herd as of September 1 was 76.5 million head, up slightly from a year earlier and up almost 2 per cent from June 1.

The report showed the number of hogs kept for breeding was close to trade expectations, and the number of pigs per litter continued to grow.

Ahead of Thursday’s quarterly hog report, analysts surveyed by Reuters on average expected the government to report the U.S. hog herd as of Sept. 1 at 76.285 million head, up 0.2 per cent from a year earlier. The number of hogs kept for breeding was seen down 2.1 per cent year-on-year.

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CME most-active December live cattle LCZ24 settled down 0.075 cent at 184.325 cents per pound and the spot October contract LCV24 ended down 0.150 cent at 183.050 cents. Feeder cattle futures ended higher with the November contract FCX24 finishing up 0.650 cent at 244.050 cents per pound.

A dip in wholesale beef prices added pressure. The U.S. Department of Agriculture priced choice cuts of boxed beef on Wednesday afternoon at $298.17 per hundredweight (cwt), down a steep $3.72 from Tuesday and the lowest reading since May 10. Select cuts fell by $3.59 at $283.28 per cwt.

The USDA reported Wednesday’s cattle slaughter at 120,000 head and the week-to-date kill at 363,000 head, down about four per cent from a year ago.

A softer close on Wall Street equity markets added to bearish sentiment, dimming optimism about consumer demand for pricey cuts of beef. The Dow Jones Industrial Average and S&P 500 backed down from record highs as investors awaited signals on upcoming interest rate cuts.

Hog futures inched lower on profit-taking a day after the most-active December contract LHZ24 reached its highest since June 3, and as traders squared positions ahead of Thursday’s quarterly USDA Hogs and Pigs report.

CME December lean hog futures LHZ24 settled down 0.075 cent at 74.900 cents per pound and February hogs LHG25 ended down 0.075 cent at 78.625 cents.

The USDA priced pork carcasses at $94.10 per cwt, down 14 cents from Tuesday.

Ahead of Thursday’s quarterly hog report, analysts surveyed by Reuters on average expect the government to report the U.S. hog herd as of Sept. 1 at 76.285 million head, up 0.2% from a year earlier. The number of hogs kept for breeding was seen down 2.1 per cent year-on-year.

Meanwhile, agriculture organizations urged the White House to take action to avert a potential Oct. 1 strike at U.S. East and Gulf Coast ports that handle roughly half of the country’s ocean trade, including consumer staples like coffee, meat and eggs.

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CME most-active December live cattle LCZ24 settled up 0.575 cent at 184.400 cents per pound after reaching 184.925 cents, the contract’s highest since Aug. 1. The spot October contract ended down 0.050 cent at 183.200 cents.

CME November feeder cattle futures FCV24 rose 0.650 cent to settle at 243.400 cents per pound.

Live cattle futures have climbed since the U.S. Federal Reserve’s large half-point rate cut last week, and the S&P 500 and Dow ended at record highs on Tuesday despite an unexpected decline in U.S. consumer confidence in September.

“All the big worries about the economy seem to have faded into the background for the time being. That makes us feel good about domestic (beef) demand,” said Ted Seifried, chief market strategist for the Zaner Group.

The U.S. Department of Agriculture priced choice cuts of boxed beef on Tuesday afternoon at $301.89 per hundredweight (cwt), up 8 cents from Monday, while select cuts fell to $286.87 per cwt, down 92 cents.

Hog futures closed mostly higher as well. The benchmark CME December futures LHZ24 settled up 0.100 cent at 74.975 cents per pound after reaching 75.800 cents, the contract’s highest since June 3.

Traders await the USDA’s quarterly Hogs and Pigs report on Thursday. Analysts surveyed by Reuters on average expect the government to report the U.S. hog herd as of Sept. 1 at 76.285 million head, up 0.2 per cent from a year earlier, while the number of hogs kept for breeding was seen down 2.1 per cent year-on-year.

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October live cattle LCV24 settled up 1.675 cents at 179.975 cents per pound and reached the contract’s highest price since Aug. 16. October feeder cattle futures FCV24 ended up 3.825 cents at 243.775 cents per pound and reached its highest price since Aug. 2.

Analysts expect USDA’s report will show there were 0.9% more cattle in U.S. feedlots on Sept. 1 than a year earlier, according to a Reuters poll. Analysts expected August cattle placements to be down 1% last year, and marketings in August to be 3.4 per cent below last year.

Karl Setzer, partner at Consus Ag Consulting, said it was also a good week for U.S. beef export sales, which rose 36% per cent in the week ended Sept 12. from the previous week.

“And then you throw in the cheaper feed grains and that’s given cattle even more support,” Setzer said.

Chicago Board of Trade corn and soybean futures both ended down on Thursday.

The dollar extended declines after the Federal Reserve cut rates by half of a percentage point, making U.S. farm products more attractive to importers. U.S. stocks shot higher, also supporting cattle futures on Thursday, traders said.

Choice boxed beef prices fell by 1.82 cents to $299.56 per hundredweight and select cuts of boxed beef fell by 1.49 cents to $288.26 per hundredweight, according to USDA data on Thursday.

CME October lean hog futures LHV24 ended up 0.2 cent at 82.25 cents per pound.

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October hog futures LHV24 settled up 0.275 cents at 82.05 cents per pound.

Pork carcass values increased by $1.08 to $96.08 per hundredweight, and other cutouts increased except for bellies, according to U.S. Department of Agriculture data published on Wednesday morning.

Live and feeder cattle futures fell slightly while traders adjusted positions ahead of Friday’s monthly USDA Cattle on Feed report. Analysts expect the report will show there were 0.9 per cent more cattle in U.S. feedlots on Sept. 1 than a year earlier, according to a Reuters poll.

“It’ll stick around with some more choppy trade until we get to end of the week and there’s something new to react to,” Matthew Wiegand, broker at FuturesOne, said.

The dollar extended declines after the Federal Reserve cut rates by half of a percentage point. U.S. stocks briefly shot higher, which if continued could support cattle futures on Thursday, traders said.

Wholesale U.S. boxed beef prices have trended downward over the past week, suggesting consumer demand may be weak, traders said.

Choice boxed beef prices slid by 36 cents to $303.55 per hundredweight and select cuts of boxed beef fell by 61 cents to $291.61 per hundredweight, according to USDA data on Wednesday morning.

CME October live cattle futures LCV24 ended down 0.5 cent at 178.30 cents per pound. October feeder cattle FCV24 ended down 0.8 cent at 239.95 cents per pound.

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Positive economic data often boosts cattle futures as consumers are more likely to opt for beef, which is pricier than other meats, when the economy is doing well.

U.S. retail sales rose in August and production at factories rebounded, suggesting the economy remained on a solid footing through much of the third quarter.

“The cattle market has been following equities more than anything else,” Altin Kalo, economist at Steiner Group, said. “The economy is seeming more resilient.”

However, wholesale U.S. boxed beef prices have trended downward over the past week, suggesting consumer demand may still be weak, traders said.

Choice boxed beef prices slid by 89 cents to $303.68 per hundredweight and select cuts of boxed beef rose by 35 cents to $292.49 per hundredweight, according to U.S. Department of Agriculture data published on Tuesday morning.

CME October live cattle futures LCV24 ended up 1.575 cent at 178.80 cents per pound. October feeder cattle FCV24 ended up 1.75 cent at 240.75 cents per pound.

On Friday, analysts expect monthly U.S. Department of Agriculture data will show there were 0.9 per cent more cattle in U.S. feedlots on Sept. 1 than a year earlier, according to a Reuters poll. As of Aug. 1, there were 11.1 million cattle on feed, up 0.3 per cent from a year ago, the USDA said.

Hog futures strengthened on a spate of short covering triggered by relatively strong pork cutout values and signs that pork demand remains strong, traders said.

October hog futures LHV24 settled up 1.85 cents at 81.775 cents per pound.

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