CHICAGO, June 13 (Reuters) – Chicago Mercantile Exchange lean hog futures jumped as much as 2 percent on Tuesday, rebounding from losses in the previous session on support from sharply higher wholesale pork prices, traders and analysts said. Prices for U.S. pork extended gains to the highest levels in more than two years, according to […] Read more
Stories by Michael Hirtzer
Cattle, hog futures ease on fund selling
CHICAGO, June 12 (Reuters) – U.S. cattle and hog futures fell 1 percent or more on Monday, pressured by chart-based and investment fund selling, traders and analysts said. Lower-than-expected prices in cash cattle markets late last week further weighed on futures, even as rising U.S. wholesale beef prices suggested meat demand remained strong. Chicago Mercantile […] Read more
Cattle futures firm, hogs mixed on technical trading
CHICAGO, June 7 (Reuters) – U.S. live cattle futures rose on Wednesday in a rebound from losses in the previous session while some lean hog contracts weakened following recent gains in technically driven consolidation trade, traders and analysts said. Rising wholesale beef prices buoyed cattle futures as retailers bought to stock meat coolers ahead of […] Read more
Cattle tumble in technical selloff after contract highs
CHICAGO, June 6 (Reuters) – U.S. live cattle futures fell more than 1 percent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.500 cents per pound while lean hog futures were mostly 1 percent […] Read more
Cattle extend gains as beef prices rise; hogs ease
CHICAGO, June 5 (Reuters) – U.S. cattle futures climbed about 1 percent on Monday, with several deferred live cattle contracts notching lifetime highs and front-month feeders hitting a 15-month peak on investment fund buying tied to gains in beef prices. Some cattle futures contracts reversed from earlier small losses at midday, boosted by U.S. Department […] Read more
Hogs end mixed on profit-taking after 3-month high
CHICAGO, May 17 (Reuters) – U.S. lean hog futures jumped to the highest levels in three months on Wednesday, rising alongside wholesale pork prices before some hog contracts turned lower on profit-taking, traders and analysts said. Chicago Mercantile Exchange cattle futures were mostly higher, buoyed by expectations that U.S. consumers will buy more meat for […] Read more
Cattle ease 2 pct in technical selloff; hog prices mixed
CHICAGO, May 15 (Reuters) – U.S. cattle futures eased on Monday, with live cattle shedding 2 percent and feeders dropping for the fourth time in the last five sessions in a technical selloff, traders and analysts said. Investors continued to take profits on long positions as cattle declined from their more than one-year highs on […] Read more
Cattle fall 2 pct on profit-taking reversal; hogs firm
CHICAGO, May 9 (Reuters) – U.S. live cattle and feeder cattle futures declined 2 percent or more on Tuesday, reversing from earlier gains as traders took profits on concern that surging prices could hurt beef demand, traders and analysts said. Lean hog futures were higher at the Chicago Mercantile Exchange but finished well off their […] Read more
Cattle mostly sharply higher on roll, beef gains
CHICAGO, May 8 (Reuters) – U.S. live cattle futures were mostly sharply higher on Monday, rising as investors rolled positions forward and as wholesale beef prices extended gains, traders and analysts said. Feeder cattle and lean hogs also climbed at the Chicago Mercantile Exchange, with all three recouping a portion of the losses notched on […] Read more
Cattle futures firm on discount to cash trades, hogs rebound
CHICAGO, April 13 (Reuters) – Chicago Mercantile Exchange live cattle futures climbed to a roughly 1-1/2 year high on Thursday, boosted by gains in cash cattle prices that widened futures’ discount to the cash market, dealers said. Feedlots bought a small number of cattle in Nebraska at $128 per cwt, up $2 from last week. […] Read more
