CME Lean Hogs Jump on Short-covering After Recent Lows; Cattle Down

Chicago Mercantile Exchange lean hog futures rallied more than 3 percent on Monday in a short-covering and bargain-buying rebound from life-of-contract lows posted last week, traders said.

Some contracts, including actively-traded June, rose by as much as the daily 3-cent limit as a steady slide in prices over the past month has left futures technically oversold.

“The hogs got awfully cheap. You can only beat this market up so long. If you’re looking to secure hogs or pork products, this is where you look to buy,” said Jeff French, broker with Top Third Ag Marketing.

April hogs settled up 0.775 cent per pound at 52.900 cents, with gains in the spot contract limited by low cash market prices. May futures ended 2.850 cents higher at 67.325 cents and June finished 2.600 cents higher at 75.875 cents.

Cash hogs in the closely followed Iowa and southern Minnesota market were up 61 cents per cwt on Monday, but down 74 cents from a week ago and nearly $14 from a month ago, according to U.S. Department of Agriculture data.

Futures advanced despite concerns about rising trade tensions between the United States and China, a major pork importer.


CME live cattle futures were mostly lower on Monday, weighed down by large supplies and weak cash market prices after cattle traded $3 to $4 per cwt lower last week.

Investors will be closely tracking this week’s cash cattle and beef prices for signs of a recovery as grocers feature meat for grilling, although weather in parts of the country remains wintry.

Traders are digesting news that Brazil’s Marfrig Global Foods SA is buying U.S.-based National Beef Packing Co. Past sales of U.S. cattle and beef companies to foreign buyers have been linked to initial sell-offs in futures markets, traders said.

CME April live cattle closed down 0.200 cent per pound at 112.025 cents and June ended up 0.175 cent at 102.500 cents.

April feeder cattle closed 0.875 cent per pound lower at 134.450 cents an May fell 0.100 to 135.525 cents. 

Submitted by Dechelrs on Tue, 04/10/2018 - 05:55

Dazzling! this card are to a remarkable degree clear or phenomenal so I think I influenced like this to card who made this card truly surprising individual to make the card for buy homework wishing to any one is a standard craftsmanship diverse individuals have this workmanship and those card tormented by hand are looking awesome like this.

Submitted by hrthtrhtttt on Fri, 04/13/2018 - 22:21

While most believe the cardinals will trade up for the quarterback, cheap jerseys wholesale the cardinals run David Johnson, who is already satisfied with the situation.

The all-pro sprinter said he believes the cardinals' offensive is expected to return to the 2015
WOMEN JERSEYS season if the quarterback Sam Bradford stays healthy.

"As long as Bradford stays healthy, we're going to be very good," Johnson said on Wednesday morning on the radio show. Personally, I have seen many of his best qualities in the video, NFL Sunglasses and the key is to stay healthy.

"With the addition of Bradford, the new offensive line, St.Louis Rams Jersey the take-over and all the other new players are key. I believe the cardinals will be in the league next season.

The performance of Bradford in the opening game of the 2017 season (346 yards, 346 yards) was impressive. Even when the vikings were not strong enough to attack in 2016, he got a good result: a 71.6 percent pass, and a 20+ yard accuracy rate.

Submitted by Assignment Help on Tue, 06/26/2018 - 00:38

If you are looking for an assignment help that can be your buddy for life, then you don’t need to look anywhere else. will be there for you and with you from your early school years till you earn your PhD.

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.