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Live cattle futures rise - CME

09 March 2022

Hog futures rebound from lowest since 4 February

Chicago Mercantile Exchange (CME) live cattle futures rose on a round of technical buying on Tuesday after snapping an eight-session losing streak on Monday, traders said.

Hog futures rallied on a bargain-buying bounce after sinking to their lowest in more than a month and feeder cattle futures also were firm, reported Reuters.

CME April live cattle ended up 1.15 cents at 139.05 cents per lb. Resistance was noted at the contract's 200-day moving average.

April feeder cattle rose 0.65 cent to 160.325 cents.

CME April lean hog futures closed up 2.65 cents to end at 102.925 cents per pound. June hogs rose 3.675 cents to finish at 114.675 cents per pound.

Choice cuts of boxed beef fell by $2.27 to $252.44 per cwt, the US Department of Agriculture said. Select cuts dropped by $5.28 to $244.94 per cwt.

Source: Reuters


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