Chicago Mercantile Exchange lean hog futures closed lower on Friday, continuing a streak of losses. Most active April lean hogs settled at 88.325 cents a pound, down 2.225 cents. February lean hogs closed at 81.123 cents a pound, down 1.175 cents.
Benchmark corn futures Cv1 on the Chicago Board of Trade hit their highest in a year on Monday and soybean futures Sv1 notched a three-month top on follow-through buying after the U.S. Department of Agriculture last week cut its estimates of the size of the U.S. 2024 crops, analysts said.
Chicago Mercantile Exchange live cattle and feeder cattle futures dipped on Monday after reaching record highs last week. Most active February live cattle closed at 197.400 cents per pound, down 1.375 cents from Friday. The second-most active April futures closed at 198.200, down 1.275 cents.
Chicago soybean and corn futures surged on Friday after the U.S. Department of Agriculture projected lower-than-expected U.S. production after a dry end to the growing season.
Chicago Mercantile Exchange cattle futures added small gains to contract highs, Friday. Most active February live cattle futures closed at 198.775 cents per pound, up 1.175 cents from Thursday. April live cattle were up 1.200 cents to 199.475 cents a pound.
Chicago soybean and corn futures ticked up on Thursday as traders squared positions ahead of a major U.S. Department of Agriculture supply-and-demand report due on Friday.
Most active February live cattle futures settled at 193.700 cents per pound, down 1.875 cents a pound from Tuesday. March live cattle futures fell 2.025 cents per pound to 266.025 cents a pound.