Insights and Stories of Michael Hirtzer

May. 11, 2016 at 5:58 pm CDT

Chicago | Reuters –– U.S. lean hogs surged as much as 2.5 per cent for their biggest daily gains since December on Wednesday, lifted by rising cash prices and wholesale pork values that were tied to expectations of more export business to China, traders said. Technical buying also buoyed hog […]

By Michael Hirtzer

May. 10, 2016 at 4:57 pm CDT

Chicago | Reuters — U.S. lean hogs gained the most in a week on Tuesday while cattle futures rose for the eighth straight session, with each commodity rising in tandem with wholesale meat prices on signs of growing demand, traders said. Trading volumes in the livestock contracts were relatively subdued […]

By Michael Hirtzer

May. 9, 2016 at 5:13 pm CDT

Chicago | Reuters — U.S. live cattle futures jumped as much as two per cent to the highest levels in nearly a month on Monday, lifted by gains in the cash cattle market and signs demand for beef was improving, traders said. Feeder cattle futures also were sharply higher while […]

By Michael Hirtzer

Apr. 22, 2016 at 5:22 pm CDT

Chicago | Reuters — U.S. wheat, soybeans and corn plunged on Friday, with wheat posting its largest daily declines in three years as investors locked in profits after huge gains earlier this week, and extended weather outlooks were seen as beneficial for crops. Chicago Board of Trade wheat shed six […]

By Michael Hirtzer

Apr. 21, 2016 at 4:35 pm CDT

Chicago | Reuters — U.S. soybeans surged to the highest levels in eight months on Thursday on technical buying and bull-spreading as investors eyed outlooks for lower output due to rains in Argentina. Corn and wheat futures tumbled more than two per cent in a profit-taking setback at the Chicago […]

By Michael Hirtzer