LIVESTOCK-Cattle futures climb on screwworm concerns

ReutersApr 27, 2026 9:11 PM

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By Heather Schlitz

CHICAGO, April 27 (Reuters) - U.S. cattle futures rose for a third straight session on Monday on a tight cattle supply and fading expectations that the U.S.-Mexico border will re-open for cattle imports in the near-term.

Screwworm cases have continued to explode in southern Mexico. Last week, U.S. Secretary of Agriculture Brooke Rollins canceled a scheduled trip to Douglas, Arizona, a key port of entry for cattle. Market players interpreted the cancellation of the trip as a sign that she will not announce the re-opening of the port.

Rising wholesale beef prices also underpinned cattle amid a seasonal spike in demand and constricted cattle supply.

Chicago Mercantile Exchange June live cattle LCM26 gained 3.725 cents to settle at 248.95 cents per pound. May feeder cattle FCK26 ended 6.55 cents higher at 368.325 cents per pound.

Wholesale beef prices jumped on Monday, with the choice cutout gaining $2.56 to $389.56 per hundredweight and select cuts up $2.53 at $388.60 per cwt, according to the U.S. Department of Agriculture.

Beef packer margins remain deep in the red, with packers estimated to lose $156.80 per head of cattle slaughtered on Monday, but up from a week prior.

CME lean hog futures chopped up and down on Monday and settled slightly higher in a largely technical trade.

Benchmark June lean hogs LHM26 rose 0.275 cent to end at 102.175 cents per pound.

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