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Michael Hirtzer

Michael Hirtzer reports on commodity markets for Reuters from Chicago.


Stories by Michael Hirtzer

CME November 2018 feeder cattle, with 20-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Hog, cattle futures lower on plentiful supplies

By Michael Hirtzer October 10, 2018
Chicago | Reuters — U.S. hog futures fell for the third day in a row on Wednesday, with the market under pressure from plentiful supplies, traders said. Cattle futures also […] Read more

CME lean hogs: October 2018 in black, December 2018 in pink. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures slump on ample supplies

By Michael Hirtzer October 9, 2018
Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Tuesday, weighed down by technical selling and expectations that supply will increase, traders said. Cattle […] Read more


(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cattle climb ahead of USDA supply report

By Michael Hirtzer September 21, 2018
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were higher on Friday, boosted by short-covering in a rebound from an earlier one-week low, traders and analysts said. Traders […] Read more

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

U.S. livestock: Hog futures widely mixed on spreading

By Michael Hirtzer September 21, 2018
Chicago | Reuters — U.S. lean hog futures were widely mixed on Thursday, with nearby contracts gaining on the back of higher hog prices in cash markets while deferred futures […] Read more

CME October 2018 lean hogs, with 20-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures near three-month high

By Michael Hirtzer September 19, 2018
Chicago | Reuters — U.S. lean hog futures climbed to a nearly three-month high on Wednesday, boosted by gains in cash hog markets, before futures trimmed gains to finish the […] Read more


U.S. livestock: Hogs jump on gains in cash hogs, pork prices
Livestock, Markets

U.S. livestock: Hogs jump on gains in cash hogs, pork prices

By Michael Hirtzer September 18, 2018
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged over four per cent on Tuesday, rising to the highest levels in three months on support from gains in […] Read more

CME October 2018 live cattle, with 200-day moving average in purple. (Barchart.com)
Livestock, Markets

U.S. livestock: Live cattle mixed on profit-taking

By Michael Hirtzer September 17, 2018
Chicago | Reuters — U.S. live cattle futures settled narrowly mixed on Monday, with some contracts easing slightly after prices surged to six-month highs following strong sales in cash markets […] Read more

(Dave Bedard photo)
Crops, Machinery, Markets

ADM ramps up ethanol sales in Chicago, irking rivals

By Jarrett Renshaw, Michael Hirtzer September 12, 2018
New York/Chicago | Reuters — Archer Daniels Midland has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down […] Read more


(Allan Dawson file photo)
Crops, Markets

U.S. grains: Corn tumbles after USDA boosts production forecast

By Michael Hirtzer September 12, 2018
Chicago | Reuters — Chicago corn futures fell 3.6 per cent on Wednesday, for their biggest daily declines since April, after the U.S. Department of Agriculture raised its forecast for […] Read more

(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cattle ease on profit-taking, lack of cash sales

By Michael Hirtzer August 31, 2018
Chicago | Reuters — U.S. cattle futures eased on Friday as traders locked in profits following two straight sessions of higher prices and as beef packers bought few animals in […] Read more

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