CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hogs limit up on fears of tightening supplies

Cattle up on rising beef packer margins

Chicago | Reuters — U.S. lean hog futures rose their daily limit on Monday on fears of tightening domestic pork supplies as the coronavirus pandemic forces slowdowns at slaughterhouses, analysts said. June lean hog futures on the Chicago Mercantile Exchange settled up the daily maximum of 3.75 cents at 55.275 cents/lb., the contract’s highest since […] Read more