Technical buying and short covering boosted lean hog futures at the Chicago Mercantile Exchange on Friday, traders said, extending gains a session after the market climbed by its daily maximum.
Live cattle slipped somewhat but ended the week up 1.2 per cent
Packers losing money processing beef due to tight supply
Large supplies of hogs continue to pressure futures, analysts said
China's beef purchases supports live cattle
Canadian pork sector concerned the animal welfare law will act as a non-tariff trade barrier
Plains blizzards and cold winter weather stressed animals and impacted weight gain
Live cattle futures eased on profit-taking and weaker-than-expected cash trades
Live cattle ended the day down, feeder cattle were up
Lean hog futures ended the day mixed
The trade is expecting a smaller hog herd, Reuters survey shows