Chicago Mercantile Exchange cattle futures firmed on Wednesday amid technical trading, weakness in U.S. corn futures and hopes of higher cash prices next week as packers close out the year, analysts said.
The trade is expecting a smaller hog herd, Reuters survey shows
Wheat futures rose on a technical bounce
Lean hog futures also ended the day lower
Good export demand also underpinned soybeans
Lean hogs end slightly down after early jump
Gains in the stock market supported livestock futures, analyst says
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Live cattle futures have bounced a bit after sinking last week to a 14-month low
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts
"I think we're still trying to hunt for a bottom": analyst