Tag Archives Lean Hog

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday settled lower for the first time in five sessions, hit by profit-taking and weaker cash prices before packing plants close over the Christmas holiday, traders said. February hogs ended 2.1 cents/lb. lower at 64 cents, and April 1.2 cents lower at 67.475 cents (all

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Monday after investors sold the December contract and simultaneously bought deferred months in a market strategy known as bear-spreading, said traders. The spreads, along with modest positioning before Friday’s U.S. Department of Agriculture monthly Cattle on Feed report, lifted some back-months

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday reached their highest level since late August, driven by short-covering following the morning’s strong wholesale beef prices, said traders. Buy stops and technical buying enhanced market advances, they said. December live cattle closed 1.6 cents/lb. higher to 112.325 cents, after breaking through the

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, partly in anticipation of bone-chilling temperatures in the U.S. Plains and Midwest by week’s end, said traders. Extreme cold typically slows down weight gain in cattle, making them less available to packers. Also grocers tend to stock up on meat in