CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME cash lean hog index (grey line, left column). (Barchart)

U.S. livestock: CME hogs extend gains in recovery from slide

Cattle futures follow boxed beef lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from

CME August 2021 live cattle (candlesticks) with 100-day moving average (red line) and August 2021 lean hogs (pink open/high/low/close). (Barchart)

U.S. livestock: CME live cattle ease as beef demand cools

CME lean hog futures mostly firm

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a second day, following U.S. boxed beef prices lower as seasonal demand cools. “You’re still seeing boxed beef pull back, which is normal, seasonally,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “We’re past the Fourth of July — we don’t have a