Insights and Stories of Michael Hirtzer

Oct. 11, 2017 at 6:44 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hogs climbed for the second straight session on Wednesday, buoyed by short-covering and rising cash hog prices, traders and analysts said. Live cattle and feeder cattle futures each were little-changed in relatively light-volume trading in livestock futures ahead of a U.S. Department […]

By Michael Hirtzer

Oct. 10, 2017 at 5:58 pm CDT

Chicago | Reuters — U.S. live cattle and lean hog futures rose more than one per cent on Tuesday, lifted by spreading and investment fund buying backed up by robust demand from meat packers, traders and analysts said. Beef and pork packers were capturing big profit margins given higher meat […]

By Michael Hirtzer

Oct. 6, 2017 at 5:17 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures tumbled by about three per cent on Friday, weighed down by spreading and abundant supplies that pressured cash markets, traders said. Front-month October and most-active December hogs bore the brunt on the selling, while deferred hog contracts were only narrowly […]

By Michael Hirtzer

Sep. 25, 2017 at 4:57 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled about two per cent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of three cents to finish at 114.425 cents per […]

By Michael Hirtzer

Sep. 22, 2017 at 7:27 pm CDT

Chicago | Reuters — U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading. The U.S. Department of Agriculture’s (USDA) Cattle on Feed report, however, was […]

By Michael Hirtzer