U.S. live cattle futures fell Friday on lower-than-expected prices for cattle in the cash market, said analysts and traders. Chicago Mercantile Exchange live cattle December closed 1.475 cents per pound lower, or 1.15 per cent, at 126.725 cents. February ended down 1.7 cents, or 1.29 per cent, to 130.4 cents […]
U.S. hog futures turned moderately lower Thursday on profit-taking and indications that futures were technically overbought, which erased an earlier six-month high, said traders and analysts. Chicago Mercantile Exchange (CME) hogs hit a relative strength index (RSI) of 73.33. A RSI of 70 is viewed as technically overbought and subject […]
U.S. hog futures rose on Wednesday to their highest level in six months, lifted by strong cash hog and wholesale pork values, analysts and traders said. Investors covering short positions gave an added boost to Chicago Mercantile Exchange hogs. Fund buying surfaced after the February contract broke through the 10-day […]
U.S. live cattle futures closed slightly lower on Tuesday as investors worried that talks in Washington may not resolve the "fiscal cliff" that has been hanging over commodity and equity markets, said analysts and traders. The lower stock market, despite some encouraging economic news, had cattle investors favouring the sell […]
U.S. live cattle futures closed lower on Monday on profit taking ending six consecutive sessions of advances, said analysts and traders. Some had expected the market to extend gains, but instead there was liquidation after the recent uptrend, said Citibank futures specialist Art Liming. Stock market losses, prompted by domestic […]
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