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...

 

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