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Michael Hirtzer

Michael Hirtzer reports on commodity markets for Reuters from Chicago.


Stories by Michael Hirtzer

(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cattle climb on technical buying, demand optimism

By Michael Hirtzer December 11, 2018
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained about one per cent on Tuesday, lifted by technical buying and optimism for the continued robust demand for cattle […] Read more

CME February 2019 live cattle futures with 20-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle, lean hogs mostly lower

By Michael Hirtzer December 10, 2018
Chicago | Reuters — U.S. livestock futures were mostly lower on Monday, with both live cattle and lean hogs succumbing to pressure from technical selling and expectations for weaker cash […] Read more


CME February 2019 live cattle with 20-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hogs gain in thin trading on demand optimism

By Michael Hirtzer November 23, 2018
Chicago | Reuters — U.S. livestock futures were higher on Friday, with lean hogs rising sharply and cattle notching relatively smaller gains as each market was buoyed by hopes of […] Read more

CME January 2019 feeder cattle, with 20-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rally after bullish USDA data

By Michael Hirtzer November 21, 2018
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were higher on Wednesday, extending earlier small gains after government supply reports showed fewer-than-expected U.S. cattle supplies, traders said. U.S. Department […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets

U.S. livestock: Hogs fall after contract highs on profit-taking

By Michael Hirtzer November 20, 2018
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled three per cent on Tuesday, reversing after hitting contract highs as investors locked in profits ahead of Thursday’s U.S. […] Read more


CME February 2019 lean hogs, with 20-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Hogs rise to contract highs on export optimism

By Michael Hirtzer November 19, 2018
Chicago | Reuters — U.S. lean hog futures rose to life-of-contract highs on Monday, extending steep gains from last week on optimism for robust exports of U.S. pork due to […] Read more

Cattle at a feedlot near North Platte, Nebraska. (AndrewLinscott/iStock/Getty Images)
Livestock, Markets

U.S. livestock: Cattle futures drop most since June on weaker cash market

By Michael Hirtzer November 9, 2018
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell more than 1 percent on Friday, sagging under pressure from lower wholesale beef prices and slightly weaker trades in […] Read more

File photo
Livestock, Markets

U.S. livestock: Cattle futures gain on technical buying; hogs lower

By Michael Hirtzer November 8, 2018
Chicago | Reuters – U.S. cattle futures were narrowly higher on Thursday, buoyed by spreading and technical buying despite a downturn in wholesale beef prices, traders and analysts said. Live […] Read more


File photo
Livestock, Markets

U.S. livestock: Hog futures rebound from 2-week low on short-covering

By Michael Hirtzer November 7, 2018
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures were mostly higher on Wednesday, rebounding from an early two-week low on support from calendar spreading and short-covering, traders and […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets

U.S. livestock: Hog futures tumble on ample supplies, weak cash market

By Michael Hirtzer November 6, 2018
Chicago | Reuters – Chicago lean hog futures fell as much as 5 percent on Tuesday, under pressure from abundant supplies and weaker prices in the Midwestern cash hog market, […] Read more

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