CME February 2019 live cattle with 50-day moving average. (Barchart)

U.S. livestock: Cattle jump to contract highs

Chicago | Reuters — U.S. cattle futures climbed to life-of-contract highs on Thursday as a storm brought blizzard-like conditions to much of the Plains cattle belt, stoking expectations of higher prices for the animals in cash markets, traders said. Heavy snow could impede transportation of cattle to market in Nebraska, Kansas, Oklahoma and elsewhere while











CME February 2019 lean hogs with 50-day moving average. (Barchart)

U.S. livestock: Lean hogs drop on technical selling

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third straight session on Monday as technical selling and profit-taking dragged prices to a 4-1/2-week low. Another steep sell-off in equities markets also stoked concerns that meat demand may not meet earlier expectations over the coming months. “Today we sucked more futures