Theopolis Waters

Chicago Mercantile Exchange (CME) feeder cattle futures on Wednesday sank to a 5 1/2-month low pressured by sagging live cattle futures and lower prices for younger cattle, said analysts and traders. CME feeder cattle losses spanned eight consecutive sessions, tying a similar losing streak set in October 2009. March ended 1.9 cents per pound lower […] Read more

Chicago Mercantile Exchange (CME) feeder cattle futures slumped on Tuesday, weighed by lower prices for feeder cattle in the most-watched Oklahoma City cash market, analysts and traders said. They also cited active early-session selling in the neighbouring CME live cattle futures market. Feedlots are beginning to feel the impact of significant losses after overpaying for […] Read more

Chicago Mercantile Exchange (CME) live cattle futures rose on Tuesday, helped by short-covering following higher wholesale beef prices, analysts and traders said. Optimism for cash cattle prices generated additional live cattle futures buying interest, they said. CME live cattle spot February settled 0.525 cent per pound higher at 127.6 cents. The most-active April ended up […] Read more

Aside from Chicago Mercantile Exchange (CME) spot February live cattle futures, remaining contracts drew support on Monday from last week’s bullish biannual cattle inventory report, analysts and traders said. Friday’s data showed tighter cattle numbers ahead with the U.S. cattle herd at the smallest in 61 years after drought drove feed costs to record highs […] Read more

Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday amid caution before the government’s biannual cattle inventory report at 2 p.m. CST, analysts and traders said. Analysts expect the report to show the U.S. cattle herd declined for a sixth straight year as drought drove up feed costs. Also, futures’ premium to cash […] Read more

Chicago Mercantile Exchange (CME) hog futures settled higher on Thursday, aided by strong cash hog prices that helped extend the futures market’s winning streak to five straight months. CME hogs finished up 2.3 per cent for January. Hogs at the CME also drew support from fund buying after the April contract broke through the 100-day […] Read more

Chicago Mercantile Exchange live cattle futures Tuesday slipped on profit-taking following their steep climb on Monday, said analysts and traders. Futures on Monday jumped more than two per cent, driven by last Friday’s bullish government monthly cattle report. Investors also embraced plans by Japan to relax U.S. beef import rules effective Feb. 1. CME spot […] Read more

Chicago Mercantile Exchange live cattle futures surged more than two per cent on Monday, fueled by Friday’s bullish U.S. Department of Agriculture cattle on-feed report, traders and analysts said. They also pointed to plans by Japan to relax restrictions on U.S. beef imports on cattle up to 30 months old, effective Feb. 1. Last Friday’s […] Read more

The number of cattle placed in U.S. feedlots in December fell for a seventh straight month, a government report showed on Friday, in a sign of high feed costs continuing to roil the industry after the worst drought in half a century. The decline was against trade expectations for the first monthly increase in placements […] Read more