(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs jump on technical rebound

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained as much as two per cent on Wednesday, reversing from earlier losses on strength from technical buying and a rebound in wholesale pork prices, traders said. Hog futures tested life-of-contract lows reached last week but did surpass those lows, sparking short-covering. The opposite was



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle rise on cash gains

Chicago | Reuters — U.S. live cattle futures jumped about one per cent on Friday, capping their best weekly performance since February as investors added to long bets following higher trades in Great Plains cash cattle markets, traders and analysts said. Chicago Mercantile Exchange feeder cattle were also higher, although each cattle contract finished just


(CMEGroup.com)

U.S. livestock: Hogs fall on big supplies

Chicago | Reuters — U.S. lean hogs futures fell to 3-1/2-month lows on Thursday as investors continued liquidating long bets amid plentiful supplies and lacklustre pork export sales, traders said. Live and feeder cattle futures also eased at the Chicago Mercantile Exchange, with cattle prices reversing from multiweek highs reached earlier in the session. Hogs






(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally on bargain buying

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Wednesday after bargain hunting and short-covering snapped the market’s two-day losing streak, traders said. “I think some people are finally catching on to the idea that maybe sentiments that this market will continue to decline is overdone,” said Doane Advisory Services