U.S. livestock: Chicago cattle, hogs drop

Chicago cattle and hog futures fell on Wednesday.

Most-active February live cattle futures lost 2.100 cents to settle at 234.525 cents per pound. April live cattle closed at 235.175 cents a pound, down 2.200 cents.

Most-traded March feeder cattle closed at 355.500 cents a pound, down 3.525 cents. April contracts lost 3.450 cents to settle at 354.675 cents per pound.

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Choice boxed beef rose to 354.28 per cwt, up $3.03. Select beef lost $1.80 to close at $349.28 per cwt, the USDA reported on Tuesday afternoon.

Most-active February lean hog contracts closed at 84.800 cents a pound, down 0.875 cents. April lean hog futures lost 1.300 cents to settle at 90.275 cents a pound.

Pork carcass cutout value rose to 92.29 per cwt, up $1.04.

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