Chicago cattle futures were mixed on the eve of the Memorial Day weekend as this month’s cattle on feed report showed a decline in inventory. Hogs fell.
Most active August live cattle contracts closed at 210.450 cents a pound, down 0.050 cents. June live cattle settled at 215.800 cents, up 0.175 cents per pound.
Most active feeder cattle futures closed at 300.375 cents a pound, up 0.600 cents. September feeders gained 0.725 cents to settle at 299.350 cents a pound.
Choice boxed beef gained $0.58 per cwt to end the day at $361.55, the USDA said in its afternoon report. Select boxed beef closed at $351.32, up $2.37 per cwt.
Read Also

U.S. grains: Wheat futures rise on supply snags in top-exporter Russia
U.S. wheat futures closed higher on Thursday on concerns over the limited availability of supplies for export in Russia, analysts said.
Total U.S. cattle and calves on feed totaled 11.4 million head on May 1, two per cent below May 1, 2024. Analysts polled by Reuters had predicted a 3.2 per cent decline.
Placements in feedlots in April were down three per cent from a year ago. Marketings of fed cattle were also down three per cent.
Most active July lean hog futures settled at 101.550 cents a pound, down 0.500 cents. August lean hogs closed at 101.275 cents per pound, down 0.725 cents.
Pork carcass cutout value sat at $101.46 per cwt in the USDA’s afternoon report. That’s a gain of $1.19 per cwt.
—Prices reported in USD