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. 


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.
1 + 4 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Submitted by Olivia Stephen form Tx,USA on Sat, 04/14/2018 - 05:58

Save Your Relationship and Get Your Ex Boyfriend/Girlfriend Back!contact: is certainly the best spell caster online and his result is 100% guarantee.
My Name Olivia Stephen form Tx,USA. After 12years of marriage, me and my husband has been into one quarrel or the other until he finally left me and moved to California to be with another woman. I felt my life was over and my kids thought they would never see their father again. i tried to be strong just for the kids but i could not control the pains that torments my heart, my heart was filled with sorrows and pains because i was really in love with my husband. Every day and night i think of him and always wish he would come back to me, I was really upset and i needed help, so i searched for help online and I came across a website that suggested that Dr Unity can help get ex back fast. So, I felt I should give him a try. I contacted him and he told me what to do and i did it then he did a Love spell for me. 28 hours later, my husband really called me and told me that he miss me and the kids so much, So Amazing!! So that was how he came back that same day,with lots of love and joy,and he apologized for his mistake,and for the pain he caused me and the kids. Then from that day,our Marriage was now stronger than how it were before, All thanks to Dr Unity. he is so powerful and i decided to share my story on the internet that Dr.Unity real and powerful spell caster who i will always pray to live long to help his children in the time of trouble, if you are here and you need your Ex back or your husband moved to another woman, do not cry anymore, contact this powerful spell caster now. Here’s his contact:Email him at: ,or Call/WhatsApp him on:+2348071622464 ,his website: .

Submitted by Sai Vidhya on Tue, 04/17/2018 - 01:33

Effective love spell to get lost lover back/stop divorce/save broken marriage is the best on urgent love spell casting with 100% result guarantee
Am Sai Vidhya from CA Usa my boyfriend cheated on me and asked for breakup. I don't believe at first i try to get back with him but all he told me was he’s with someone else. that he is no longer interested in marrying me at that point i was heart broken coz i love my boyfriend so much that i could not let go off him all of a sudden he left me, i really love him and never can imagine my life without him. not until i came across a powerful real spell caster Dr happy who promise me 48hours urgent love spell to get back with my boyfriend, good forty-eight {48} hours. hmm-mm, it was a good night time at 10:05pm within the days that Dr happy told me that my boyfriend will be back, at first i heard the bell rings getting close to my door i heard someone saying honey!!!, it sound familiar i opened the door and i saw my boyfriend standing and weeping in front of me. i was not surprised because its all i have been praying for him to come back home. Guess what in six days after i noticed my system and my body temperature is changed and i went to clinic for check up and the doctor told me that there is life in me which means i am pregnant i really wants to use this opportunity to thanks Dr happy so much and my lovely collage who directed me to Dr happy if you have any problem or predicament that is worse or exactly like this you have been into, i plead you to contact Dr happy on you can also view on his blogs site... whatsapp/call...+2348133873774