LIVESTOCK-Hog futures rise on China hopes; cattle hits contract highs
By Mark Weinraub / Reuters
January 8, 2019 / 2:33 PM
CHICAGO, Jan 8 (Reuters) - Chicago Mercantile Exchange hog
futures were mostly higher on Tuesday, supported by prospects
for improving export demand, traders said.
The market was waiting for a pickup in deals from China due
to the spread of African swine fever there.
"That hope is still out there, but it's elusive, and it's up
to China," said Don Roose, president of U.S. Commodities in West
Des Moines, Iowa.
Record U.S. supplies kept futures market gains in check.
CME February hog futures settled up 0.700 cent at
62.600 cents per pound.
Cattle futures were strong...