Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose to a two-month high on Monday as cash prices extended their climb on strong demand from the expanded pork processing sector, traders and analysts said. Two new hog slaughterhouses that opened about a month ago in Iowa and Michigan have boosted hog demand while wholesale pork […] Read more
Tag Archives lean hog
U.S. livestock: Hogs at two-month high on packer demand
U.S. livestock: CME live cattle mostly weaker on consolidation
Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in modestly bearish territory on Friday amid pre-weekend consolidation after investors digested this week’s cash prices, said traders. “The market is priced right with this week’s cash. We’ll wait until next week to see if packers are short on supplies or need cattle,” […] Read more
U.S. livestock: CME live cattle slump, cash prices disappoint
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent gains, pressured by profit-taking following this week’s initial cash prices that fell short of expectations, said traders. To avoid cattle deliveries, some investors sold the October contract either outright or simultaneously bought deferred months in a trading strategy known […] Read more
U.S. livestock: Hogs rise on stronger cash markets
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hogs climbed for the second straight session on Wednesday, buoyed by short-covering and rising cash hog prices, traders and analysts said. Live cattle and feeder cattle futures each were little-changed in relatively light-volume trading in livestock futures ahead of a U.S. Department of Agriculture monthly grain supply […] Read more
U.S. livestock: Cattle, hogs jump on spreading, packer demand
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle and lean hog futures rose more than one per cent on Tuesday, lifted by spreading and investment fund buying backed up by robust demand from meat packers, traders and analysts said. Beef and pork packers were capturing big profit margins given higher meat prices and comparatively lower prices […] Read more
U.S. livestock: Hog futures plunge on spreading, cash markets
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures tumbled by about three per cent on Friday, weighed down by spreading and abundant supplies that pressured cash markets, traders said. Front-month October and most-active December hogs bore the brunt on the selling, while deferred hog contracts were only narrowly lower. CME October hogs dropped […] Read more
U.S. livestock: Most CME live cattle futures gain on spreads
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle gained modestly on Wednesday during a trading strategy known as bear spreading in which investors sold October futures and simultaneously bought deferred months. Some market participants used the spreads to avoid possible deliveries on Monday evening against the October contract. Profit-taking and uncertainty about this week’s […] Read more
U.S. livestock: Cash, pork prices send CME hogs higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second day in a row on Tuesday, strengthened by upward-trending prices for market-ready, or cash, hogs and the morning’s firmer wholesale pork values, said traders. They said October futures led advances after investors actively bought that contract and simultaneously sold deferred months, […] Read more
U.S. livestock: Bargain hunters, fund buying boost CME hogs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished sharply higher on Monday, fueled by bargain buying in the technically oversold market, said traders. They said funds helped accelerate market advances after contracts punched through technical resistance levels. October hogs, which will expire on Oct. 13, ended 1.85 cents/lb. higher at 57.25 cents, […] Read more
U.S. livestock: CME hogs end quarter mostly higher on short-covering
Reading Time: 2 minutes Chicago | Reuters — The bulk of Chicago Mercantile Exchange lean hog contracts on Friday finished higher in the final trading session for the quarter, ignited by fund buying and short-covering, said traders. They said futures rallied from earlier losses on Friday and prior to late Thursday’s U.S. Department of Agriculture quarterly hog report. The […] Read more