Hogs

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday closed lower, pressured by fund liquidation that erased short-covering advances early in the session, traders said. More selling developed after the August and October contracts slipped below their respective 10-day moving averages of 152.31 and 155.03 cents, which triggered sell stops. August live […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled slightly lower on Monday after touching a contract high, pressured by profit-taking, traders said. “While nothing is really changed in the long term we’re going to see short-term fluctuations in this market,” Broadbent said. Tight cattle supply and overseas demand for U.S. beef continue […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled up sharply, supported by slaughter-ready or cash prices that hit all-time highs, traders said. Cash cattle in Kansas and Texas moved at mostly $158 per hundredweight (cwt), topping last week’s record by $3, according to feedlot sources (all figures US$). Feedlots were […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed sharply higher on Monday, with most months up the three-cent daily price limit as investors covered short positions after learning a pig virus has hit the U.S. hog herd harder than expected, traders said. Friday’s U.S. Department of Agriculture hog report showed a bigger-than-expected decline […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday hit their highest level ever in anticipation of strong prices for market-ready, or cash, cattle led by record-high beef values, traders said. “Retail beef demand has been on a tear while feeding the bulls in the cattle pit, increasing packer margins and causing […] Read more