LIVESTOCK-Cattle futures close higher on tight supply

By Heather Schlitz

CHICAGO, Oct 13 (Reuters) - All Chicago Mercantile Exchange feeder and live cattle futures closed higher on Monday, continuing a bull run as the supply of cattle remained tight.

The supply of cattle has lingered at a near 75-year low, with the closure of the U.S.-Mexico border to Mexican cattle imports further constraining an already tight supply.

CME December live cattle LCZ25 rose 2.215 cents to end at 244.75 cents per pound. Benchmark CME November feeder cattle FCX25 settled 2.675 cents higher at 376.725 cents per pound.

On Monday afternoon, the wholesale choice boxed beef cutout fell by $1.66 to $363.91 per hundredweight, according to U.S. Department of Agriculture data. The select cutout rose $3.36 to end at $349.75 per cwt.

Analysts are weighing whether consumers will continue buying beef when prices are already at record highs.

CME December lean hogs LHZ25 rose 0.825 cents to end at 84.85 cents per pound.