Livestock and meat futures moved higher Wednesday, with the pork complex registering sharp gains on a strong cash market.
On other markets, lumber futures were sharply higher; most grain, soybean, livestock and meat futures advanced; and energy futures were lower, with some heating oil and gasoline contracts down sharply.
"We had higher prices for hogs at terminal markets and that seemed to prompt shorts to get out of the market (by buying to offset earlier sales)," said Charlie Richardson, an analyst in Denver with Lind-Waldock.
Also, he said, "There's talk about a lot more cold weather coming to us from Canada. We've just had one blast . . . just had our first taste and now we're going to have some more.