Insights and Stories of Michael Hirtzer

Dec. 30, 2016 at 1:12 pm CST

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures were narrowly mixed on Friday, paring earlier steep gains on end-of-year positioning, traders said. Stronger bids for cattle in U.S. Plains cash markets underpinned prices. But some investors took profits after most-active February futures hit an eight-month high before turning slightly lower. […]

By Michael Hirtzer

Dec. 28, 2016 at 1:17 pm CST

Chicago/Reuters – A pre-Christmas USDA quarterly report showing showing an unexpectedly large hog herd caused Chicago Mercantile Exchange lean hog futures fell more than two per cent Dec. 23. USDA said Dec. 23 the hog and pig herd as of Dec. 1 was 71.5 million head, or 104 per cent […]

By Michael Hirtzer

Dec. 23, 2016 at 2:01 pm CST

Chicago/Reuters – Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday after the U.S. Department of Agriculture in a quarterly report at midday said the hog herd was the biggest since 1943 and larger than analysts anticipated. Hog futures sank to their session lows after […]

By Michael Hirtzer

Dec. 19, 2016 at 5:10 pm CST

Chicago | Reuters — U.S. soybean, corn and wheat futures eased on Monday, weighed down by profit-taking and expectations for more crop-friendly rainfall in Argentina. Wheat futures retraced early gains despite bitter cold temperatures in the U.S. which left dormant plants vulnerable to damage. Chicago Board of Trade soybeans notched […]

By Michael Hirtzer

Dec. 9, 2016 at 4:48 pm CST

Chicago | Reuters — U.S. soybean and corn futures rose one per cent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. Wheat futures also rallied at […]

By Michael Hirtzer