U.S. livestock: Hogs rise on bargain buying

Bounce seen after hogs hit lowest since April

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

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.

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