U.S. livestock: Hogs mostly lower

U.S. livestock: Hogs mostly lower

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mostly lower on Monday, with the market still technically weak despite four straight days of declines last week. The most-active April hog contract managed to close slightly higher on a mild bargain-buying bounce after hitting its lowest since mid-August. But most hog contracts were weaker.












U.S. livestock: Live cattle hit contract highs on storm forecast

U.S. livestock: Live cattle hit contract highs on storm forecast

Chicago | Reuters — Live cattle futures rose to life-of-contract highs at the Chicago Mercantile Exchange on Tuesday, lifted by worries that severe winter weather could prompt beef packers to pay higher prices for animals in the U.S. Plains, traders said. Technical buying and short-covering also buoyed cattle prices while lean hog futures finished narrowly