Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures soared three per cent on Wednesday, rebounding on technical buying from the steep losses seen in the previous session, traders and analysts said. Cattle futures also were mostly higher, even as some contracts edged slightly lower after hitting one-month peaks. Higher prices for wholesale beef […] Read more
U.S. livestock: Hogs surge on technical buying, cattle mostly higher
U.S. livestock: CME live cattle leap to one-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reached their highest level in a month, driven by short-covering and recent increase in wholesale beef values, said traders. They added that some investors bought CME live cattle futures, and simultaneously sold lean hog contracts, in anticipation for possibly firmer cash cattle prices […] Read more
U.S. livestock: Lean hogs rise for third straight session
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday settled higher for a third consecutive session, with strength from buy stops and firmer wholesale pork values on the final trading day for the month, traders said. Most actively traded December lean hogs closed 1.15 cents/lb. higher at 47.95 cents (all figures US$). […] Read more
U.S. livestock: CME hog futures rise again
Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts landed in positive territory for a second straight day on Friday, lifted by short-covering and technical buying that offset bearish fundamentals, traders said. December lean hogs closed 1.425 cents/lb. higher at 46.8 cents, and February ended 1.675 cents higher at 54 cents (all figures US$). […] Read more
U.S. livestock: CME hogs climb despite Smithfield plant closure
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures pared the prior day’s losses on Thursday, led by technical buying in the face of ample packer inventories and a temporary shutdown at an East Coast packing plant, traders said. December lean hogs finished 1.175 cent/lb. higher at 45.375 cents (all figures US$). February ended […] Read more
U.S. livestock: Fundamentals undercut CME hog futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished weaker for the first time in four sessions on Wednesday, pressured by profit-taking and uneasiness about cash and wholesale pork prices as October Pork Month winds down, said traders. December lean hogs finished 0.425 cent/lb. lower at 44.2 cents, and February down 0.25 cent, […] Read more
U.S. livestock: Hogs extend rally, cattle snap winning streak
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders. Fund buying developed after December and February futures opened above their respective 20-day moving averages of 42.51 and […] Read more
U.S. livestock: Live cattle rally to three-week high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for a third consecutive session to their highest level in three weeks, fueled by Friday’s strong cash prices and the U.S. government’s bullish monthly Cattle on Feed report, traders said. Friday’s U.S. Department of Agriculture report showed two per cent fewer cattle entered feedlots […] Read more
U.S. livestock: Cattle hit two-week high on technical buying
Chicago | Reuters — U.S. live cattle futures climbed to a roughly two-week high on Friday, boosted by chart-based buying ahead of a government supply report that was released after the close, traders said. Chicago Mercantile Exchange live cattle extended steep gains from the previous session, with the two-day percentage rise of 4.9 per cent […] Read more
U.S. livestock: Cattle futures limit up on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped their three cents daily price limit while feeder cattle also rose sharply as traders exited short positions on expectations for higher prices in cash cattle markets, traders said. Lean hog futures were mostly higher, with all three livestock contracts rebounding from recent multiyear lows […] Read more
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