Livestock

CHICAGO, May 7 (Reuters) – Chicago Mercantile Exchange live cattle futures were a higher early on Friday in electronic trading as the market bounces back from Thursday’s stock market-driven sell-off with firm cash markets and discount to cash lending support. Hogs were lower with weak technicals and talk of topping in cash markets offsetting support… read more

CHICAGO (Dow Jones)–Soft market fundamentals and follow through from Wednesday’s Chicago Mercantile Exchange hogs’ tumble are seen pressuring futures early Thursday. Wednesday’s $0.70 per hundredweight wholesale pork price drop and steady-to-weak cash hog price calls are negative market influences. However, June and July slight discounts to CME’s lean hog index should stir speculative buying into… read more

LIVE CATTLE – Steady to up 0.200 cent per lb. * Wholesale beef prices were up slightly on Friday with choice cutout holding near 21-month high. LEAN HOGS – Steady to up 0.250 cent per lb. * Technically strong after Friday’s price surge. * Tight supplies of market-ready hogs continue to support. * Cash hogs… read more

LEAN HOGS – Steady to up 0.250 cent per lb. * Technically strong after Friday’s price surge. * Tight supplies of market-ready hogs continue to support. * Cash hogs were called steady to higher on Monday. * Pork value slipped but holding near highest level since August 2008. * USDA’s cash pork cutout off 24… read more

CHICAGO (Dow Jones)–End-of-month position squaring that should include short-covering is expected to pull up Chicago Mercantile Exchange hogs early Friday. June and July contracts’ closer price proximity to CME’s lean hog index may stir buyer interest. Thursday’s $1.07 per hundredweight wholesale pork carcass price bounce that boosted packer margins is a market plus. Nonetheless, steady-to-weak… read more

CHICAGO (Dow Jones)–Persistent robust pork business will likely ignite Chicago Mercantile Exchange hogs gains at the start Friday. Wholesale pork prices Thursday leaped another $2.27 per hundredweight, which widened pork packer margins. Generally steady-to-firm cash hog price calls may also inspire those who are banking on futures advances. Thursday’s U.S. Department of Agriculture pork and… read more

LIVE CATTLE – At 8:30 a.m. CDT (1330 GMT) cattle were up .100 to 0.300 cent per lb in nearby months in electronic rading. * Robust beef exports should give futures an early lift, as hould ongoing tight supplies of market-ready cattle. * Traders will be watching the stock market after the sharp rop early… read more

CHICAGO (Dow Jones)–Conflicting market fundamentals could yield mixed Chicago Mercantile Exchange hogs results at the start Wednesday. Wholesale pork price’s $0.88 per hundredweight relapse Tuesday that slashed pork packer margins is a negative market influence. But bullish traders may be moved by steady-to-firm cash hog calls driven by tight supplies. Furthermore, the shrunken price difference… read more

CHICAGO (Dow Jones)–Persistent robust pork business will likely ignite Chicago Mercantile Exchange hogs gains at the start Friday. Wholesale pork prices Thursday leaped another $2.27 per hundredweight, which widened pork packer margins. Generally steady-to-firm cash hog price calls may also inspire those who are banking on futures advances. Thursday’s U.S. Department of Agriculture pork and… read more