CHICAGO, Oct 20 (Reuters) – Chicago Mercantile Exchange live cattle futures jumped their 3.000 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 […] Read more
Stories by Michael Hirtzer
Cattle extends gains on technical buying, hogs at 14-year low
CHICAGO, Oct 17 (Reuters) – U.S. live and feeder cattle futures climbed more than 1 percent on Monday, adding to gains in the previous session, on technical buying and expectations cattle and beef prices will rise seasonally, traders and analysts said. Chicago Mercantile Exchange lean hog futures fell sharply. Friday’s expiration of October hogs left […] Read more
Cattle futures plumb new lows on technical selloff, hogs firm
CHICAGO, Oct 13 (Reuters) – U.S. cattle futures tumbled 2 percent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more
Cattle fall to 6-year low on long liquidation, ample supply
CHICAGO, Oct 11 (Reuters) – U.S. cattle futures fell to six-year lows on Tuesday, adding to steep losses from the previous session as investors liquidated holdings amid ample animal and meat supplies, traders and analysts said. Lean hog futures gained more than 1 percent at the Chicago Board of Trade, lifted by spreading as some […] Read more
Hogs higher on short-covering after 7-year lows
CHICAGO, Sept 29 (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 […] Read more
Live cattle losses deepen on supply woes, weak beef prices
CHICAGO, Sept 6 (Reuters) – U.S. live cattle futures fell declined more than 2 percent on Tuesday, nearing their lowest levels in six years on pressure from big supplies of cattle and beef and lower wholesale meat prices, traders said. Cattle broke below the psychological threshold of 100 cents per lb for the first time […] Read more
Live cattle tumble to 5-year lows on beef declines
CHICAGO, Sept 2 (Reuters) – U.S. live cattle futures fell to five-year lows on Friday, capping their worst weekly performance so far of 2016 in a technical selloff linked to bigger cattle supplies and lower wholesale beef prices, traders said. Lean hogs also tumbled, declining by as much as 4.8 percent at the Chicago Mercantile […] Read more
Hogs slump in reversal on pork price declines, cattle weak
CHICAGO, Aug 16 (Reuters) – U.S. lean hog futures declined by as much as 3.8 percent 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
Hogs jump in technical rebound after August expiry, cattle flat
CHICAGO, Aug 12 (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 […] Read more
Lean hogs tumble in reversal as pork extends losses
CHICAGO, Aug 11 (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 […] Read more
