CME August 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME lean hogs end down, live cattle up

Chicago | Reuters –– Chicago Mercantile Exchange (CME) lean hog futures closed lower on Wednesday on technical selling including profit-taking and long liquidation ahead of the U.S. Independence Day holiday, along with bearish supply fundamentals, traders said. CME’s benchmark August lean hogs contract ended down 0.6 cent at 78.375 cents/lb., turning lower after rising to […] Read more











CME October 2019 live cattle, with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle closed mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Tuesday, with expectations for a weak cash trade pressuring the benchmark August contract while back months ended firm, traders said. Packers were not bidding aggressively for cattle, a factor that some traders took as a bearish signal. “The bids that were out […] Read more