Theopolis Waters

Chicago Mercantile Exchange (CME) hog futures hit a 2-1/2 month high on Wednesday, led by short-covering after wholesale pork prices moved upward, analysts and traders said. They said CME hogs punched through key moving average resistance, which touched off fund buying and buy stops. Futures made headway despite the dollar’s rebound and triple-digit U.S. stock […] Read more

Chicago Mercantile Exchange (CME) live cattle futures on Tuesday reclaimed some ground lost after equities and other commodities recovered from Monday’s selloff, traders and analysts said. The lower dollar, stable gold prices and stock market recovery brought relief to the cattle market, said Dennis Smith, an analyst with Archer Financial Services. CME live cattle’s discount […] Read more

Chicago Mercantile Exchange (CME) live cattle gained modestly on Friday as futures’ discount to cash prices lured buyers, traders and analysts said. CME live cattle finished almost flat for the week. Short-covering offset early-week market losses led by lower cash cattle and wholesale beef values. Spot April live cattle closed 0.275 cent per pound higher, […] Read more

Chicago Mercantile Exchange (CME) live cattle futures finished higher Thursday with support from short-covering after Wednesday’s market losses led by lower cash prices, traders and analysts said. CME live cattle’s discount to those cash prices and Wednesday’s market slide to new contract lows attracted speculative buyers. June futures led advances, fueled by bearish spreads that, […] Read more

Chicago Mercantile Exchange (CME) live cattle futures closed lower on Wednesday, pressured by weak cash cattle prices, traders and analysts said. Cash cattle traded in Texas and Kansas at $127 per hundredweight (cwt), down $1 from a week ago, feedlot sources said (all sources US$). “We held out for $128 but a few guys got […] Read more

Chicago Mercantile Exchange (CME) live cattle futures settled mostly weaker on Tuesday as bullish spreads underpinned April futures while pressuring remaining trading months, traders and analysts said. They said expectations for fully steady cash cattle prices and modest advances in wholesale beef values lifted spot April CME live cattle. And bullish spreads pushed spot April […] Read more

Chicago Mercantile Exchange (CME) live cattle futures were higher on Monday lifted by short-covering in anticipation warmer spring weather will increase demand for outdoor grilling, traders and analysts said. Beef prices have advanced ahead of warmer weather with help from better economic news and the stock market advancing after its steep drop on Friday, said […] Read more

Chicago Mercantile Exchange (CME) lean hog futures on Friday declined 1.7 per cent as equity markets tumbled following discouraging U.S. economic news, analysts and traders said. The U.S. stock market at one point was down more than one per cent in response to smaller-than-anticipated government payroll numbers and disappointing March jobs data. “It’s more of […] Read more

Chicago Mercantile Exchange (CME) live cattle futures turned lower on Thursday pressured by fund liquidation, traders and analysts said. Selling ahead of CME live cattle spot April options expiration on Friday exerted more futures pressure. Monday is the first notice day for deliveries against the April contract. Spot April live cattle closed 0.725 cents per […] Read more