Live Cattle Futures Climb on Technical Buying; Hogs Weaker

trading mixed market
( freeimages.com )

Chicago Mercantile Exchange live cattle futures closed higher Tuesday on technical buying, halting a four-session slide that drove the benchmark April contract to a two-week low a day earlier.

But the contract closed well off its session high, paring gains as cattle traders reacted to a firmer U.S. dollar and declines on Wall Street tied to concerns about rising U.S. interest rates.

A drop in equities indexes can raise worries about consumer demand for beef.

"We are watching the stock market and crude looking a little ugly; that is something that has been on the cattle market's radar ... We did see the cattle market come under (pressure) when we were taking a dip in the equities," said Craig VanDyke with Top Third Ag Marketing in Chicago.

Most-active CME April live cattle settled up 0.250 cent at 124.250 cents per pound, after reaching a session high of 125.675.

CME April feeder cattle settled up 1.250 cent at 149.200 cents per pound and front-month March feeders finished up 1 cent at 146.550.

The February live cattle contract expires on Wednesday, and that factor, coupled with the last trading day of the month, could boost market volatility, VanDyke said.

Hog futures closed steady to weaker, with CME April lean hogs ending unchanged at 69.950 cents per pound.

Comments

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.
5 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Submitted by phillip on Wed, 02/28/2018 - 04:49

Please everyone need to read this
Some time things you don’t believe can just happen.
My name is Mr Phillip from canada am 52 years old i got married
at the age of 36 i have only one child and i was living happily .After sixteen
year of my marriage my wife behavior became so strange and i don’t
really understand what was going on, she packed out of the house to another
man i love her so much that i never dream of losing her, i try my
possible best to make sure that my wife get back to me but all to no
avail i cry and i cry seeking for help i discussed it with my best friend
and he promise to help me of a SPIRITUAL SPELL CASTER called dr Fulfilment,he
is a very great man and a real man that can be trusted and there is nothing
concerning love issues he cannot do that is why they call him the great
fulfilment And i told him everything that
happen all he told me is that i should not worry that all my problems will
be solved immediately. He told me what to do to get my wife back and i
did, he said after 3 days my wife will come back to me and start
begging, it really happen i was very surprise and very, very happy our
relationship is very tight and we both live happily again.
So my friends if you have any issues and you need the help of a real spell
caster please try to contact this same email address (
fulfimenttemple@gmail.com
HE FIX THE FOLLOWING PROBLEMS TO ALL
ACROSS THE GLOBE ON:
1. Getting your lover or husband back
2. Spiritual bulletproof
3. Training
4. Money spell
5. Long life spell
6. Prosperity spell
7. Protection spell
8. Get a job spell
9. Becoming a manager spell
10. Get a huge loan without paying any fee spell
11. Getting your scam money back
12. Child spell
13. Pregnancy spell
14. Freedom spell
15. Love spell
16, vanishing spell
17. Invisible human spell
18. Success or pass spell
19. Marriage spell
20. Avenging spell
21. Popularity spell
22. Killing spell
23. Cancer spell