Chicago Mercantile Exchange hogs settled higher Wednesday on buy stops, a positive U.S. stock market and a weaker U.S. dollar.

Pork bellies closed limit up. Live and feeder cattle finished in bullish territory.

Lean hogs again made headway after buying from futures' advances on Tuesday carried over into Wednesday's open.

Further lean hog upward momentum tripped buy stops, drove December above the 40-day moving average resistance mark and catapulted several contracts to one-month highs.

Speculative buyers at times were drawn to spot-October and nearby-December because they were either nearly in line or at discounts to CME's hog index.

Spreaders, including fund-types, bought back hog months and sold front-end contracts due to U.S. equities' spike and the dollar's fall.

A tug-of-war erupted between forward spreaders and those who implemented the "Goldman roll."

Wednesday was the second of five days for the current "Goldman roll" period. The roll consists of funds shuffling some of their October long positions into December in conjunction with the S&P's GSCI.

Cash hog bids are seen generally flat for Thursday. Packers will nurse thin profit margins while preparing for an estimated 300,000-plus head weekend hog slaughter.

October hogs ended up 47 points at 51.45 cents a pound, and December closed 70 points higher at 49.65 cents.

Pork bellies closed limit up on more buying after futures' steep climb on Tuesday and buy stops. Wednesday's steady midday fresh belly quote and lean hogs' upswing hastened CME pork belly's surge.

The exchange's weekly belly storage report will be available on Wednesday after 5 p.m. EST.

February and March pork bellies ended 200 points higher at 86.42 and 86.15 cents.

Cattle Complex

CME live cattle closed firm on bull spreads, buy stops and cash cattle price confidence.

Live cattle rose initially on buying after futures' modest upturn on Tuesday and recent boxed beef price increases. Profitable beef packer profit margins and October and December mildly oversold chart conditions wooed prospective longs.

October buying accelerated after the contract bested Tuesday's high. December cracked the 10-day moving average fueled by fund buying associated with the "Goldman roll" business.

Deferred cattle months benefited from earlier U.S. stocks' jump and the dollar's stumble.

Live cattle participants on Thursday will probe for cash cattle information. Spotty cash-basis fed cattle bids cropped up at $82 to $83 a hundredweight against as much as $88 asking prices. Fed cattle last week brought mostly $85.

October live cattle closed up 45 points at 87.55 cents a pound, and December finished 55 points higher at 87.42 cents.

Feeder cattle ended higher on supportive live cattle, buy stops and traders who bought feeder cattle and sold live cattle on spreads. Chart-related feeder cattle buying developed after September and October rolled through 20-day moving average resistance barriers.

September feeder cattle settled 75 points higher at 99.80 cents, and October ended 105 points higher at 100.22 cents.

-By Theopolis Waters; Dow Jones Newswires; 312-341-5778;