Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday slumped to their lowest level in two months, as cash and wholesale pork values dropped on abundant supplies, said traders. They said sell stops and fund liquidation accelerated market declines. April hogs ended 0.55 cent/lb. lower at 65.1 cents, and below the 200-day moving […] Read more
Tag Archives hog futures
U.S. livestock: Fallen cash, pork prices sink CME hogs
U.S. livestock: CME lean hog futures extend losses
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures’ selloff last Friday carried over into Monday, led by fund liquidation and weaker cash prices, traders said. April hogs ended 1.625 cents/lb. lower at 65.65 cents, and below the 100-day moving average of 66.744 cents. May finished 1.9 cents lower at 70.325 cents, and below […] Read more
U.S. livestock: CME lean hogs give back recent gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday suffered their biggest one-day loss in a month, with pressure from liquidation by funds that were largely responsible for Thursday’s market rally, said traders. April hogs ended 2.075 cents/lb. lower at 67.275 cents, and May 1.725 cents lower at 72.225 cents. “Futures are […] Read more
U.S. livestock: CME lean hogs snap back from session lows
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Thursday, after short-covering and bargain buying brought contracts from morning lows, traders said. “Hogs (futures) were simply too cheap. The price had gotten to the point where (investors) had wrung out any sort of spring seasonal rally,” said independent CME livestock futures […] Read more
U.S. livestock: Live cattle hit 14-month high on cash gains
Chicago | Reuters –– U.S. live cattle futures surged to the highest levels in 14 months on Wednesday, lifted by investment fund buying and steep gains at a weekly online cash cattle auction, traders and analysts said. Chicago Mercantile Exchange feeder cattle rose by as much as three per cent while lean hogs were mostly […] Read more
U.S. livestock: Live cattle hit two-month high on cash optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to two-month highs on Tuesday as wholesale beef prices extended gains, stoking optimism for higher prices this week in Plains cash cattle markets, traders and analysts said. Feeder cattle futures also were higher, while lean hogs fell for the fifth straight session. “There continues […] Read more
U.S. livestock: Deferred cattle hit contract highs
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mostly higher on Monday, with deferred months for both live and feeder cattle hitting contract highs on spreading and investment fund buying, traders and analysts said. Lean hog futures were largely lower, extending losses to the fourth straight session in a technical selloff. Most-active CME […] Read more
U.S. livestock: Cattle hit new highs on technical buying, beef gains
Chicago | Reuters — U.S. live cattle futures climbed to a fresh seven-week high on Friday while feeder cattle reached the highest levels since August on support from technical buying and gains in wholesale beef prices, traders said. Chicago Mercantile Exchange futures tracked gains earlier this week in Plains cash cattle markets, with meat packers […] Read more
U.S. livestock: Live cattle hit seven-week high on packer margins
CORRECTED, March 17 — Chicago | Reuters — U.S. live cattle futures rose to a seven-week high on Thursday, boosted by recent gains in beef prices that increased profit margins for meat packers, traders and analysts said. Technical buying also was noted, with some investors buying back positions in front-month Chicago Mercantile Exchange April live […] Read more
U.S. livestock: Cattle jump on gains in cash prices, wholesale beef
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose about one per cent on Wednesday, rebounding from declines in the previous session on the back of higher cash cattle trades in the southern U.S. Plains, traders and analysts said. Beef packers paid higher values for cattle to take advantage of big profit margins […] Read more
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