Cattle futures stormed higher at the Chicago Mercantile Exchange (CME) on Tuesday, boosted by firmer U.S. cash trading last week, while hog futures set contract lows.
Large supplies of hogs continue to pressure futures, analysts said
Slumping prices have created trying times in the industry, but producer interest was high at trade show
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
Lean hog futures also ended the day lower