CHICAGO, April 7 (Reuters) – Chicago Mercantile Exchange live cattle rose for a third straight day on Friday with support from fund buying and futures’ discounts to late-afternoon cash price expectations, said traders. They said some market participants sold April futures and simultaneously bought deferred months in a trading strategy known as bear spreading. April […] Read more
Stories by Theopolis Waters
Bargain buying rallies CME hogs from 4-month low
CHICAGO, April 6 (Reuters) – Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.300 cent per pound to 63.925 cents, and May 1.200 cents higher at 69.550 cents. “We […] Read more
CME live cattle end firmer despite cash price pessimism
CHICAGO, April 5 (Reuters) – Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.050 cent per pound to 118.275 cents, and June up […] Read more
CME hog futures hit 4-month low as cash prices slide
CHICAGO, April 4 (Reuters) – Chicago Mercantile Exchange lean hog futures fell to their lowest level since early December on Tuesday, with ample supplies dragging down cash prices for a ninth straight session, said traders. April hogs ended 1.125 cents per pound lower at 63.675 cents, and May closed down 1.225 cents to 68.175 cents. […] Read more
CME hog futures slump on pork demand fears
CHICAGO, April 3 (Reuters) – Chicago Mercantile Exchange lean hog futures fell on Monday, pressured by concerns that the seasonal bump in supplies might further hurt cash prices and curb retail pork buying, said traders. They said sell stops and fund liquidation hastened hog market losses. April hogs ended 0.875 cent per pound lower at […] Read more
CME live cattle futures gain for 4th straight session
CHICAGO, March 13 (Reuters) – Chicago Mercantile Exchange live cattle on Monday rose for a fourth consecutive session, with strength from buy stops and futures’ discounts to last week’s cash prices, said traders. They said profit-taking and caution ahead of this week’s cash returns pulled contracts from session highs. Monday was the final day in […] Read more
Fallen cash, pork prices slam CME hog futures
CHICAGO, March 3 (Reuters) – Chicago Mercantile Exchange lean hog futures sank more 2 percent on Friday following lower cash and wholesale pork values, said traders. They said worries about a looming supply buildup furthered hog futures losses. April hogs ended 1.525 cents per pound lower at 66.750 cents, and May down 1.350 cents to […] Read more
CME live cattle futures end firmer, hogs mainly lower
CHICAGO, Feb 9 (Reuters) – Chicago Mercantile Exchange live cattle futures settled higher on Thursday, helped by technical buying and this week’s steady-to-firmer cash prices, said traders and analysts. They said the prospect of increased supplies capped back-month futures advances. February live cattle closed 0.875 cent per pound higher at 117.650 cents, and above the […] Read more
CME hog futures again reach new highs
CHICAGO, Feb 7 (Reuters) – Chicago Mercantile Exchange February lean hogs on Tuesday scored a fresh contract high, and deferred months scored new monthly tops, led by brisk wholesale pork demand cash price optimism, said traders. February hogs ended 1.025 cents per lb higher at 72.375 cents, and hit a new contract high of 72.800 […] Read more
Cash, pork prices boost CME hog futures to new highs
CHICAGO, Feb 6 (Reuters) – Chicago Mercantile Exchange lean hog February futures scored a fresh contract high and deferred contracts scored monthly highs on Monday, fueled by firmer cash and wholesale pork values, said traders. February hogs ended 1.025 cents per lb higher at 71.350 cents, and hit a new contract high of 71.425 cents. […] Read more
