Insights and Stories on Hog Futures

Jun. 4, 2015 at 3:33 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Thursday on short-covering after wholesale beef values turned higher, traders said. June closed up 0.725 cent per pound, to 153.225 cents, and August 0.825 cent higher at 151.45 cents (all figures US$). Thursday morning’s choice wholesale beef price, […]

By Theopolis Waters

Jun. 3, 2015 at 4:35 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed lower following sliding wholesale beef prices, traders said. June closed down 0.8 cent per pound to 152.5 cents, and August 1.375 cents lower at 150.625 cents. The choice wholesale beef price, or cutout, on Wednesday fell $2.13 […]

By Theopolis Waters

Jun. 2, 2015 at 4:47 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed […]

By Theopolis Waters

Jun. 1, 2015 at 3:49 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures […]

By Theopolis Waters

May. 29, 2015 at 4:35 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday […]

By Theopolis Waters