Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.15 cents/lb. higher at 61 cents, and December finished up 1.3 cents, to 56.75 (all figures US$). After falling almost $3/cwt the day before, […] Read more
U.S. livestock: Pork price turnaround sends CME lean hogs higher
U.S. livestock: Hogs slump in reversal on pork price declines
Chicago | Reuters — U.S. lean hog futures declined by as much as 3.8 per cent on Tuesday, reversing from earlier three-week highs on fund selling linked to declines in wholesale pork prices, traders said. Chicago Mercantile Exchange cattle futures also eased but saw smaller declines than hog prices as some investors unwound long hog […] Read more
U.S. livestock: Hogs jump in technical rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Friday, rebounding from earlier losses on technical buying and short-covering following the midday expiration of the August contract, traders and analysts said. Gains in hog futures came after prices neared last week’s roughly four-month lows, and hogs could still face more […] Read more
U.S. livestock: Lean hogs in reversal as pork extends losses
Chicago | Reuters — U.S. lean hog futures fell sharply on Thursday, reversing from earlier steep gains on pressure from declining pork prices and ample hog supplies, traders and analysts said. The price action suggested that hog futures would likely test their life-of-contract lows reached on Aug. 4 when trading resumes on Friday, analysts said. […] Read more
U.S. livestock: Hogs jump on technical rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained as much as two per cent on Wednesday, reversing from earlier losses on strength from technical buying and a rebound in wholesale pork prices, traders said. Hog futures tested life-of-contract lows reached last week but did surpass those lows, sparking short-covering. The opposite was […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by fund selling and profit-taking after last week’s market rally, traders said. August live cattle ended 0.75 cent/lb. lower at 116.925 cents (all figures US$). October closed 0.875 cent lower at 114.65 cents and below the 100-day moving average of […] Read more
U.S. livestock: Cattle rise on cash gains
Chicago | Reuters — U.S. live cattle futures jumped about one per cent on Friday, capping their best weekly performance since February as investors added to long bets following higher trades in Great Plains cash cattle markets, traders and analysts said. Chicago Mercantile Exchange feeder cattle were also higher, although each cattle contract finished just […] Read more
U.S. livestock: Hogs fall on big supplies
Chicago | Reuters — U.S. lean hogs futures fell to 3-1/2-month lows on Thursday as investors continued liquidating long bets amid plentiful supplies and lacklustre pork export sales, traders said. Live and feeder cattle futures also eased at the Chicago Mercantile Exchange, with cattle prices reversing from multiweek highs reached earlier in the session. Hogs […] Read more
U.S. livestock: Feeder cattle gains continue as corn declines
Chicago | Reuters — U.S. cattle futures extended gains on Tuesday, with feeder cattle rising to their highest in 1-1/2 months as falling corn prices reduced costs for fattening the animals and enticed buying from investors, traders said. Optimism that slaughter-weight cattle would fetch higher prices in U.S. Plains cash markets this week also buoyed […] Read more
U.S. livestock: CME hogs settle mostly weak on month-end positioning
Chicago / Reuters – Most Chicago Mercantile Exchange lean hog contracts closed weaker on Friday, after a volatile session highlighted by investors squaring positions on the final trading day of the month, trader said. August hogs finished up 0.125 cent per lb to 68.975 cents. October ended 0.150 cent per lb lower at 59.050 cents and December down 0.075 cent to […] Read more
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