CHICAGO (Dow Jones)–Chicago Mercantile Exchange hogs’ could open mostly
firm Monday as traders bank on positive post-Easter holiday market
fundamentals.
Wholesale pork carcass values Friday were up $0.35 per hundredweight and
steady-to-firm cash hog price calls are seen for Monday.
Pork bellies could open firm on possible spillover lean hog support.
A mixed CME live cattle start is possible Monday as participants wait for
early-week market direction and look forward to this week’s cash cattle trade.