Chicago cattle futures ended mixed, while lean hogs made small gains on Friday.
Most active June live cattle contracts closed at 214.675 cents a pound — a gain of 0.425 cents. August live cattle lost 0.425 cents to settle at 209.575 cents per pound.
Most active August feeder cattle closed at 300.300 cents a pound, a loss of 0.950 cents, while May feeders gain 0.500 cents to settle at 297.975 cents per pound.
Choice boxed beef ended the day down $1.92 per at $345.97 per cwt, the USDA said. Select boxed beef was valued at $331.17 per cwt, a loss of $2.03.
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Most active June lean hog futures closed at 97.575 cents a pound, up 0.400 cents. July lean hogs settled at 97.575 cents for a gain of 0.175 cents a pound.
The USDA put pork carcass cutout value at $97.83 per cwt in its afternoon report — a gain of $3.33 over Thursday.
This weekend, U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese vice premier He Lifeng in Switzerland to discuss the ongoing trade war between the two countries.
U.S. President Donald Trump said on social media that an 80 per cent tariff on Chinese goods “seems right.” However, White House spokeswoman Karoline Leavitt said Trump won’t unilaterally reduce tariffs. There must be concessions from China as well.
—Prices reported in U.S. dollars
