Hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Friday, driven by short-covering in response to strong preliminary cash prices, traders said. April closed 1.375 cents per pound higher at 154.65 cents, and June ended up 1.075 cents at 147.1 cents (all figures US$). A small number of market-ready (cash) cattle in […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned lower on Thursday, pressured by weaker cash and wholesale pork prices, traders said. April and June closed 1.175 cents per pound lower at 66.825 cents and 77.45 cents, respectively (all figures US$). Wholesale pork prices slumped $1.49 to $68.49 per hundredweight (cwt) on Thursday morning […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep gains Wednesday on fund buying and cash price optimism that wiped out Tuesday’s losses, traders said. April closed up the three-cent-per-pound price limit at 154.05 cents, and June ended 2.65 cents higher at 146.325 cents (all figures US$). CME live cattle’s trading limit […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Tuesday, racked by profit-taking and fund liquidation, traders said. April closed 2.4 cents lower at 151.05 cents, and June down 2.125 cents, to 143.675 cents (all figures US$). Funds sold after April and June drifted below their 40-day moving average of […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, supported by their discount to what packers paid for market-ready (cash) cattle last week, traders said. “We had the board (futures) too cheap when the February contract expired last Friday,” said Vetterkind Cattle Brokerage president Troy Vetterkind. April closed 1.75 cents […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs on Friday bounced back from Thursday’s losses, sparked by the uptick in wholesale pork values, traders said. April futures closed up 0.325 cents per pound, to 67.475 cents, with May 0.6 cents higher at 79.9 cents (all figures US$). Friday afternoon’s wholesale pork price jumped $2.38 […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs fell on Thursday for the first time in seven days, pressured by profit-taking on the eve of February’s final trading day, traders said. April futures closed 2.175 cents per pound lower at 67.15 cents, with May down 2.6 cents at 79.3 cents (all figures US$). Some […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs posted their sixth straight higher settlement on Wednesday as prices for market-ready (cash) hogs edged upward, traders said. April futures closed 0.75 cent per pound higher at 69.325 cents, and May up 2.85 cents at 81.9 cents (all figures US$). Wednesday morning’s average cash hog price […] Read more