CHICAGO, Nov 18 (Reuters) - CME Group cattle futures rose on
Thursday, with the front-month live cattle contract
hitting its highest since June 2017 on support from strength in
the cash markets.
Rising overseas demand also lent support cattle futures
after the U.S. Agriculture Department said that weekly beef
export sales totaled 30,000 tones, the most since the week ended
CME's most-active February live cattle contract
gained 0.85 cent to 137.25 cents per pound. The spot December
contract rose 0.925 cent to close at 133.15 cents per
CME January feeder cattle futures rose 2.45 cents to
end at 161.375 cents per pound.
Wholesale boxed beef prices were weaker, with choice cuts
dropping $1.90 to $276.57 per cwt and select cuts losing $1.15
to $262.91 per cwt on Thursday morning.
CME December lean hogs fell 1.075 cents to 75.1 cents
per pound and February hogs ended up 0.15 cent at 83.3
USDA said that pork export sales totaled 30,100 tonnes, down
from 36,900 tonnes a week earlier.
(Reporting by Mark Weinraub
Editing by Marguerita Choy)