Chicago | Reuters –– U.S. hog futures rose on Wednesday on a mild bargain buying bounce after prices sank to a 4-1/2 month low early in the session, traders said.
Bargain hunting also propped up cattle futures.
Gains in cattle and hogs were limited due to a lack of fresh news.
CME August live cattle futures ended 0.35 cent higher at 108.325 cents/lb. (all figures US$). The most active October live cattle contract was up 0.275 cent at 109 cents.
CME August feeder cattle futures rose 0.575 cent to 149.5 cents/lb. and September feeders were 0.8 cent higher at 149.475 cents.
Most active CME October hogs settled up 0.625 cent at 52.475 cents/lb.
— Mark Weinraub is a Reuters commodities correspondent in Chicago.Tagged cattle futures, closing markets, CME, feeder cattle, hog futures, hogs, lean hog, live cattle