Hogs

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Tuesday, supported by short-covering in the wake of recent market losses, traders said. CME live cattle discounts to last week’s prices for market-ready (cash) cattle provided more support, they said. April closed 0.95 cent per pound higher at 156.3 cents, and June ended […] Read more

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep losses for a second straight session on Monday, partly due to fund liquidation after contracts fell through key technical support levels, traders said. April closed 2.45 cents per pound lower at 155.35 cents (all figures US$). It dropped below the 100-day and 40-day […] Read more

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell by the three-cent-per-pound price limit Friday on profit-taking and lower cash prices, traders said. April and June closed at 157.8 cents and 149 cents, respectively (all figures US$). CME’s live cattle trading limit will be expanded to 4.5 cents on Monday following futures’ limit-down settlement […] Read more

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained for the fourth day in a row on Thursday, again helped by their discounts to cash prices, traders said. April ended up 0.075 cent per pound at 160.8 cents and June, 0.325 cent higher at 152 cents (all figures US$). “There was too much […] Read more

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained for a third straight day on Wednesday, driven by their discounts to recent prices for market-ready or cash cattle, traders said. April ended up 1.125 cents/lb., to 160.725 cents, and June 1.25 cents higher, at 151.675 cents (all figures US$). So far this week, […] Read more

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday, led partly by the day’s wholesale beef price upswing, traders said. April ended up 0.775 cent per pound at 159.6 cents, and June 1.475 cents higher at 150.425 cents (all figures US$). Tuesday morning’s choice wholesale beef price jumped $1.60 per […] Read more

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts advanced modestly on Monday, helped by short-covering and futures’ discounts to last week’s cash prices, traders said. April ended up 0.025 cent per pound to 158.825 cents, and June up 0.15 cent, to 148.95 cents (all figures US$). Last week, market-ready (cash) cattle in Kansas […] Read more

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell hard on Friday, with the April contract down by its three-cent-per-pound price limit, on fund selling and anticipation of further weakness in cash values, traders said. April ended three cents/lb. lower at 158.8 cents/lb., and June was down 2.775 cents to 148.8 cents (all […] Read more

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained slightly on Thursday, reversing initial selling aided short-covering and futures’ discounts to last week’s cash prices, traders said. April ended 0.25 cent per pound higher at 161.8 cents, and June finished up 0.125 cent at 151.575 cents (all figures US$). On Thursday, a packer […] Read more