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Hog futures higher on oversold signals

At the Chicago Mercantile Exchange, live and feeder cattle were lower waiting for direct business to develop with boxed beef lower at midday. August live cattle closed $.60 lower at $178.32 and October lives closed $.67 lower at $181.05.  August feeder cattle closed... Read More.

Cattle, hog futures move lower

At the Chicago Mercantile Exchange, live and feeder cattle were lower, waiting for the week’s direct business to develop. August live cattle closed $1.05 lower at $178.92 and October live cattle closed $.45 lower at $181.72.  August feeder cattle closed $1 lower at... Read More.

Hog futures were mostly higher ahead of Thursday’s report

At the Chicago Mercantile Exchange, live cattle were up, and feeders were mostly higher watching direct business unfold.  April live cattle closed $1.40 higher at $185 and June lives closed $1.57 higher at $180.25.  April feeder cattle closed $.25 higher at $247.12 and... Read More.

Hog futures mixed ahead of quarterly inventory report

At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were higher waiting for direct business to develop, bouncing just a little bit off of Tuesday’s sharp moves lower.  April lives closed $.50 higher at $183.60 and June lives closed $.30... Read More.

Hog futures mixed to end the week

At the Chicago Mercantile Exchange, live and feeder cattle were lower, waiting for the rest of the week’s direct business to develop. April live cattle were down $1.12 at $187.60, and June live cattle were down $1.17 at $183.42. April feeder cattle were... Read More.

Hog future mostly higher heading into Friday

At the Chicago Mercantile Exchange, live cattle were up, and feeders were mixed, watching direct business unfold. April live cattle closed $1.60 higher at $185.60 and June lives closed $.75 higher at $181.87.  March feeders closed $.87 higher at $247.10 and April feeders... Read More.

Cash hog business remains quiet

Chicago Mercantile Exchange live cattle were up and feeders were sharply higher, preparing for the week’s direct business and Wednesday’s USDA Cattle Inventory report. The trade thinks those semi-annual numbers could be bullish, but there is always the chance of a bearish surprise.... Read More.

Cattle, hog futures mixed at midweek

At the Chicago Mercantile Exchange, live and feeder cattle were mixed waiting for direct business to develop.  Boxed beef was mixed at midday. February lean hogs closed $.07 lower at $171.85 and April lean hogs closed $.25 higher at $174.75.  March feeder cattle... Read More.

Less optimism for hog prices in 2024

A livestock economist says there’s some uncertainty for pork producers in 2024. University of Missouri’s Scott Brown says he’s expecting some volatility in the cash hog market. “I think we look back in the rearview mirror and do a good job of reminding everyone... Read More.

Cattle, hog futures finish Friday mixed

Chicago Mercantile Exchange live and feeder cattle futures were mixed, consolidating at the end of the year, with boxed beef mixed at midday. There was periodic support from the week’s higher direct trade, but not enough to pull contracts to a fully higher... Read More.

Hog futures pressured by premium to cash

Chicago Mercantile Exchange live and feeder cattle futures were lower, with boxed beef down at midday, getting ready for the week’s widespread direct business. Feeders also saw profit taking after Wednesday’s gains, despite another round of losses in corn. February live was down... Read More.

Hog futures higher ahead of Hogs and Pigs report

At the Chicago Mercantile Exchange, live cattle were mostly higher and feeder cattle were higher ahead of the USDA’s On Feed report.  There was also support from the stronger cash trade during the week. Direct cash cattle trade picked up Friday afternoon. Live deals... Read More.