Chicago Mercantile Exchange (CME) lean hog futures rallied in tandem with other commodities markets on Tuesday as signs of tightening supplies and a favorable pork demand outlook supported prices, traders said.
Chicago Mercantile Exchange live cattle futures ended modestly higher on Thursday as traders squared positions ahead of a monthly feedlot report due on Friday from the U.S. Department of Agriculture (USDA), traders said.
Chicago Mercantile Exchange live cattle futures closed higher for a second consecutive session on Tuesday as the market extended a recovery from oversold conditions, analysts said.
Chicago Mercantile Exchange (CME) cattle futures firmed on Thursday, bolstered by technical trading and anticipated consumer demand going into the grilling season, analysts said.
Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday, as continued strength in wholesale prices eased concerns about consumer demand - even as investors grew nervous about ongoing inflationary concerns and rising consumer prices, traders said.
Chicago Mercantile Exchange (CME) live futures turned higher on Monday, as a flurry of technical trading and strength in wholesale prices helped contracts rebound off recent months' lows, traders said.
Chicago Mercantile Exchange live cattle futures plunged on Friday to the lowest point since mid-January as concerns about beef demand amid reports of avian influenza in cattle sparked fund long liquidation ahead of the weekend.
Chicago Mercantile Exchange live cattle futures firmed on Thursday in a bargain-buying rebound from the prior session's two-month lows, as some investors deemed the recent drop in prices to be overdone.
Chicago Mercantile Exchange live cattle futures fell to a fresh two-month low on Wednesday on technical selling and fund liquidation, as investors gauged whether beef demand would suffer amid recent news of avian influenza in dairy cattle.