Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to contract highs for a third straight session on Friday on hopes for strong demand from China before easing from those peaks on profit-taking and technical selling, traders said. China is expected to be in the market for imported pork as the deadly hog […] Read more
U.S. livestock: Lean hogs notch fresh contract highs on export hopes
U.S. livestock: Hog futures mixed after hitting three-month high
Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more
U.S. livestock: Hog futures rally for second day
Chicago | Reuters –– U.S. lean hog futures rallied 3.7 per cent on Monday to their highest level since January, with strength in the cash market leading the way, traders said. But cattle futures weakened, setting back from Friday’s gains amid plentiful supplies. Chicago Mercantile Exchange April lean hogs settled 2.3 cents higher at 62.85 […] Read more
U.S. livestock: Lean hogs rally in technical, seasonal bounce
Chicago | Reuters — U.S. lean hog futures rose sharply on Friday in a technical and seasonal-buying rally that took prices to the highest in a month, traders said. Futures were also lifted by stronger cash hog and pork prices and on expectations for improving pork exports, especially if African swine fever in China elevates […] Read more
U.S. livestock: Hog futures decline on technical selling
Chicago | Reuters — Chicago Mercantile Exchange lean hogs extended their decline to the fourth consecutive session on Friday, easing on technical selling and weaker pork prices, traders said. The most active April hogs contract dropped to a fresh five-month low and has now declined in 12 out of the past 14 sessions. The contract […] Read more
U.S. livestock: Cattle, hog futures climb on technical buying
Chicago | Reuters — U.S. livestock futures were higher on technical buying on Monday, with live cattle nearing recent contract highs and lean hogs rebounding from a multi-month low reached on Friday, traders and analysts said. Firmer prices for pork and beef in the wholesale market also buoyed futures. Hogs jumped as much as four […] Read more
U.S. livestock: CME hogs stumble on lower cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Thursday after packers paid less money for market-ready, or cash, hogs as prices for pork at wholesale eased, said traders. Packer interest in raising hog bids waned in the midst of plentiful supplies and while Smithfield Foods closed some of their plants to […] Read more
U.S. livestock: Surging cash prices, easing trade fears boost CME hogs
Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Friday fueled by rising prices for market-ready, or cash, hogs and less concern about U.S. pork trade with Mexico, said traders. On Thursday the Mexican government said it would allow some U.S. pork into the country duty-free under an import quota despite retaliatory […] Read more
U.S. beef packer margins soar as cattle prices fall
Chicago | Reuters — U.S. beef packers including Tyson Foods and Cargill are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues. Supermarkets are stocking up on steaks, hot dogs and hamburgers for the May 26 U.S. Memorial Day […] Read more
U.S. livestock: Live cattle drop on weak cash prices, big supply
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a third straight session on Wednesday on weakening cash cattle prices and plentiful supplies of market-ready animals, traders said. Actively traded CME August live cattle futures settled 1.35 cents lower at 99.05 cents/lb., its lowest since April 4 (all figures US$). June cattle […] Read more
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