Chicago Mercantile Exchange live cattle futures firmed on Wednesday as cash trade firmed and wholesale beef prices march higher, traders said. We have some tighter market-ready cattle.
LIVESTOCK-CME live cattle firm on scarce supply and firmer cash markets agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.
7/16/2021
By Julie Ingwersen
CHICAGO, July 16 (Reuters) - Chicago Mercantile Exchange
lean hog futures closed higher on Friday as firm U.S. cash
markets and rising pork prices underscored tight hog supplies,
analysts said.
News of the first confirmed cases of African swine fever in
farmed pigs in Germany added support, raising uncertainty about
pork export flows. However, exports of German pork are already
subject to bans from many importers since the disease was
confirmed in wild animals last September.
CME August lean hog futures settled up 1.350 cents
Friday at 105.650 cents per pound and October ended up
1.350 cents at 90.750 cents.
The CME s lean hog index, a two-day weighted average
U S livestock: Lean hogs up on firm demand, tight supplies - AGCanada agcanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agcanada.com Daily Mail and Mail on Sunday newspapers.
5/28/2021
By Christopher Walljasper
CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange lean
hog futures climbed on Friday as pork demand remained firm and
supplies of market-ready hogs stayed low, analysts said. At some point though, you would think the wholesale price
would put a damper on demand, at some point in the summer, said
Doug Houghton technical analyst at Brock Capital Management. Everything just looks tight and pork demand looks strong near
term.
CME June hog futures climbed to a contract high of
117.600 cents per pound and settled 1.525 cents higher at
117.250 cents. Actively traded July hogs added 2.650
cents to 119.350 cents per pound, adding 2.4% for the week.