Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed higher on Thursday on short-covering and bargain buying after futures tumbled to a seven-year low on Wednesday, traders said. CME October lean hogs, which will expire on Oct. 14, led advances due to a discount to the exchange’s hog index for Sept. 4 at 54.85 […] Read more
U.S. livestock: CME lean hogs rebound on bargain buying
U.S. livestock: Burdensome supplies slam lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply on Wednesday, with some contracts posting new lows, led by profit-taking and seasonally rising hog numbers, traders said. Cooler fall temperatures in the Midwest and highly-nutritious new-crop corn are causing pigs to grow faster. The U.S. Department of Agriculture data on Wednesday showed […] Read more
U.S. livestock: Live cattle post biggest daily percentage gain in a year
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures surged about three per cent on Tuesday to their best one-day performance since October 2015, sparked by short-covering and technical buying, said traders. Prior to Tuesday’s open, CME live cattle contracts displayed a Relative Strength Index (RSI) of 27. A RSI below 30 suggests a […] Read more
U.S. livestock: Bargain buying rallies CME lean hogs
Chicago | Reuters — Most Chicago Mercantile Exchange lean hog contracts ended sharply higher on Monday, fueled by bargain buying following futures’ plunge by their three-cent/lb. price limit on Friday, said traders. October, which will expire on Oct. 14, closed down 0.1 cent/lb. at 48.925 cents (all figures US$). Most-actively traded December ended 0.2 cent […] Read more
U.S. livestock: Hogs, cattle tumble to multi-year lows on supply woes
Chicago | Reuters — U.S. hog and cattle futures plummeted to the lowest levels in years on Friday, extending recent declines amid abundant animal and meat supplies and as investors squared up their books on the final day of the quarter, traders said. Chicago Mercantile Exchange lean hogs fell roughly five per cent for their […] Read more
U.S. livestock: Hogs higher on short-covering after seven-year lows
Chicago | Reuters — U.S. lean hog futures edged higher on Thursday, rebounding from an earlier seven-year low as investors squared positions ahead of a government supply report due on Friday, traders and analysts said. Traders also were cleaning up their books ahead of the last day of the third quarter, with hogs on pace […] Read more
U.S. livestock: Cattle, hogs mostly higher on short-covering
Chicago | Reuters — U.S. cattle and hog futures were mostly higher on Wednesday, with feeder cattle rallying about one per cent on short-covering following recent lows, traders msaid. Several Chicago Mercantile Exchange lean hog contracts fell to lifetime lows before trimming losses as traders squared up their positions ahead of a quarterly U.S. hog […] Read more
U.S. livestock: CME live cattle plunge limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday slumped, with nearby contracts down the three cents/lb. daily price limit, rattled by fund selling and uneasiness before cash prices by Friday, said traders. October and December settled down by the three-cent limit to 103.825 and 103.125 cents, respectively (all figures US$). Live […] Read more
U.S. livestock: Lower cash prices send CME live cattle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by technical selling and last Friday’s drop in prices for slaughter-ready, or cash, cattle, said traders. October live cattle ended 0.45 cent per pound lower at 106.825 cents, and settled below the 10-day moving average of 107.06 cents (all figures […] Read more
U.S. livestock: Cattle erase losses to finish flat
Chicago | Reuters — U.S. live cattle futures finished roughly unchanged on Friday, reversing from earlier steep losses as investors squared up positions ahead of a monthly supply report that was released after the market close, traders and analysts said. Feeder cattle and lean hogs also settled about flat at the Chicago Mercantile Exchange, in […] Read more
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