Cattle futures prices rose slightly Monday as traders awaited a government report which, when it was released after the close of trading, showed 11% more cattle on feed than a year earlier.
The figure was close to what was anticipated.
On other markets, energy futures declined, grain and soybeans were mixed and precious metals were a little lower.
The Agriculture Department's cattle report showed that as of Nov. 1 there were 7.55 million cattle on feedlots in the seven major producing states surveyed.
"The report does confirm that there were 11% more cattle on feed, but it also indicated that producers continued to market the animals aggressively during October," said Chuck Levitt, an analyst with Shearson Lehman Bros.
At the Chicago Mercantile Exchange, live cattle settled 0.25 cent to 0.57 cent higher, with the contract for delivery in December at 63.80 cents a pound; feeder cattle were 0.22 cent to 0.65 cent higher, with November at 75.37 cents a pound; live hogs were 0.35 cent lower to 0.38 cent higher, with December at 43.57 cents a pound, and frozen pork bellies were 0.45 cent to 1 cent lower, with February at 55.57 cents a pound.