Insights and Stories of Michael Hirtzer

May. 25, 2018 at 8:54 pm CDT

Chicago | Reuters — The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold […]

By Michael Hirtzer, Tom Polansek

May. 25, 2018 at 8:04 pm CDT

Chicago | Reuters — U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department […]

By Michael Hirtzer

May. 24, 2018 at 7:15 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell nearly one per cent on Thursday, pressured by fears of lower trades in cash cattle markets and positioning ahead of a government supply report due on Friday, traders said. The U.S. Department of Agriculture was set to release its […]

By Michael Hirtzer

May. 23, 2018 at 6:42 pm CDT

Chicago | Reuters –– U.S. livestock futures rose on Wednesday, with lean hogs bouncing from Tuesday’s roughly three-week low on technical and investment fund buying, traders and analysts said. Live cattle futures climbed to a 1-1/2 week high at the Chicago Mercantile Exchange, further buoyed by positioning ahead of a […]

By Michael Hirtzer

May. 21, 2018 at 7:55 pm CDT

Chicago | Reuters — Cattle futures jumped the most in more than a month on Monday, buoyed by technical short covering and optimism that demand from beef packers that resulted in last week’s large cattle slaughter will continue this week, traders and analysts said. Front-month June live cattle futures briefly […]

By Michael Hirtzer