Chicago Mercantile Exchange lean hog futures climbed to a five-week high on Tuesday, bolstered by technical buying and gains in prices for cash hogs and pork, traders said.
U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said.
Chicago Mercantile Exchange live cattle futures fell nearly 1 percent on Thursday, pressured by fears of lower trades in cash cattle markets and positioning ahead of a government supply report due on Friday.
U.S. livestock futures rose on Wednesday, with lean hogs bouncing from Tuesday's roughly three-week low on technical and investment fund buying, traders and analysts said.
Live cattle futures climbed to a near two-month high on Wednesday, rising for the third straight session on firm beef prices and investment fund buying, traders and analysts said.
U.S. live cattle futures surged more than 2 percent on Friday, rising by as much as their 3.000 cent daily price limit on technical buying and following gains in cash cattle markets late Thursday.
Chicago Mercantile Exchange live cattle futures climbed to a two-week high on Monday, buoyed by technical buying and ideas that strong consumer demand for beef would continue, traders and analysts said.
Cattle placed in U.S. feedlots for fattening surged by 10 percent in May, the U.S. Department of Agriculture said on Friday in data that suggested beef supplies will be ample and prices potentially lower in the third qu
