CHICAGO, Sept 11 (Reuters) – Chicago Mercantile Exchange live cattle and lean hog futures were flat to narrowly mixed on Monday as investors consolidated positions ahead of a government livestock and crop report due on Tuesday, traders and analysts said. Some live cattle contracts eked out small gains following modestly higher sales in U.S. Plains […] Read more
Stories by Michael Hirtzer
Hogs jump most in 2 months on technicals, pork packer demand
CHICAGO, Sept 5 (Reuters) – U.S. lean hog futures surged about 4 percent on Tuesday, boosted by chart-based buying and stronger demand from pork packers, traders and analysts said. Hog futures on the Chicago Mercantile Exchange notched the largest percentage gains in more than two months as prices continued rising from multimonth lows reached on […] Read more
U.S. hog, cattle futures mostly higher on technicals
CHICAGO, July 7 (Reuters) – U.S. livestock futures were mostly higher on Friday, with cattle futures recouping a portion of their losses from earlier this week in a technical rebound and hogs recovering from steep declines in the past two sessions, traders said. Signs of stabilizing prices in U.S. cash cattle markets after weeks of […] Read more
U.S. cattle rise in rebound on technical buying, cash trades
CHICAGO, July 6 (Reuters) – U.S. live cattle futures gained more than 1 percent on Thursday, rebounding from a two-month low on chart-based technical buying and slightly firmer trades in cash cattle markets, traders said. Most-active CME August live cattle knocked out Wednesday’s session low early in Thursday’s session but found downside support near its […] Read more
U.S. hogs rise on pork gains; feeder cattle ease
CHICAGO, July 3 (Reuters) – U.S. lean hog futures climbed to fresh life-of-contract highs on Monday, gaining on bear-spreading as wholesale pork prices reached the highest levels in more than two years. Dealers continued to buy back Chicago Mercantile Exchange July hog contracts and roll positions into deferred months such as most-active August hog futures […] Read more
Hog futures hit 1-year high as pork prices extend gains
CHICAGO, June 21 (Reuters) – U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued […] Read more
Cattle settle mostly lower on technical selling, hogs mixed
CHICAGO, June 20 (Reuters) – U.S. live cattle and feeder cattle futures were mostly lower in a technical selloff on Tuesday, with each declining to the lowest levels in about two months before trimming losses. Broad selling in many commodities, led by crude oil, further weighed on cattle at the Chicago Mercantile Exchange. “We had […] Read more
Hogs surge to 1-year high on fund buying, pork price gains
CHICAGO, June 19 (Reuters) – U.S. hog futures surged as much as 4 percent on Monday, lifted by investment fund buying and higher pork prices that boosted meatpackers’ profit margins, traders and analysts said. Hogs on a continuous chart rose to the highest levels since last June 23. Most-active Chicago Mercantile Exchange August lean hog […] Read more
Cattle, hog futures mostly higher on short-covering
CHICAGO, June 16 (Reuters) – U.S. livestock futures were mostly higher on Friday, with cattle prices stabilizing after Thursday’s multiweek lows and hogs consolidating in the middle of their recent trading ranges. Most-active Chicago Mercantile Exchange August live cattle settled 0.675 cents higher at 118.175 cents per pound. June live cattle futures finished 0.800 cent […] Read more
Hogs ease in technical selloff, cattle prices mixed
CHICAGO, June 15 (Reuters) – U.S. lean hog futures were mostly about 2 percent lower on Thursday, easing on technical selling and investment fund liquidation, traders and analysts said. Hog futures fell sharply to their session lows at 10:10 a.m. CDT (1610 GMT) in what two traders called a “flash crash,” before prices recouped a […] Read more
