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CME lean hog futures firm on wholesale prices

CHICAGO, May 30 (Reuters) – Chicago Mercantile Exchange lean hog futures rallied on Friday after a big jump in wholesale values, according to analysts. Most actively traded CME July lean hog futures rose 1.950 cents to settle at 104.925 cents per pound. August feeder cattle ended down 1.100 cents at 298.825 cents per pound. August…

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CME cattle futures recover on technical trading

CHICAGO, May 16 (Reuters) – Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday on short covering and technical trading after a selloff in the previous session, traders said. Cattle futures have also been underpinned by strong boxed beef prices and a tight cattle supply. Futures prices set all-time highs earlier in…

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CME cattle higher on surging cash market

CHICAGO, May 6 (Reuters) – Chicago Mercantile Exchange live cattle and feeder cattle futures crept higher on Tuesday as strong wholesale beef prices and a tight cattle supply compelled meatpackers to pay up for each head of cattle, lending support to the cash market and cattle futures, analysts said. Hog futures ticked lower as nonexistent…

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