Insights and Stories on Hog Futures

Mar. 25, 2015 at 4:20 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell on Wednesday for the first time in seven days as investors took profits, but sharply higher wholesale beef values minimized losses, traders said. April closed down 0.275 cent per pound, to 161.725 cents, and June 0.675 cent lower at 152.375 […]

By Theopolis Waters

Mar. 24, 2015 at 3:10 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher for a sixth consecutive session on Tuesday, partly led by a bounce in wholesale beef prices, traders said. April closed 0.65 cent per pound higher at 162 cents, and June up 0.05 cent to 153.05 cents (all figures US$). […]

By Theopolis Waters

Mar. 23, 2015 at 8:06 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher for a fifth straight session on Monday, fuelled by last week’s better-than-expected cash prices, traders said. Packers paid $163 to $165 per hundredweight (cwt) for market-ready or cash cattle in the U.S. Plains on Friday, up from $161 […]

By Theopolis Waters

Mar. 20, 2015 at 2:53 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firm on Friday, partly on positioning ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report. Analysts expect the data at 2 p.m. CT to show decreased cattle placements in February compared with a year ago. April […]

By Theopolis Waters

Mar. 19, 2015 at 4:20 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures sank to their lowest level in five years on Thursday, given ample supplies versus slack pork demand, said traders and analysts. “Pork demand never recuperated from the high prices we had in the past,” said EBOTTrading.com senior analyst John Kleist. […]

By Theopolis Waters