Theopolis Waters

Chicago Mercantile Exchange (CME) live cattle futures closed higher on Friday aided by Thursday’s stronger-than-expected cash prices, signalling tighter cattle supplies ahead, traders and analysts said. Cattle in the Nebraska cash market on Thursday fetched $123 to $124 per hundredweight (cwt), $1 to $2 higher than on Wednesday but steady to down $2 from last […] Read more

Chicago Mercantile Exchange hog futures climbed Thursday on higher prices for hogs in the cash market, traders and analysts said. They also cited fund buying after the February contract broke through the 100-day moving average of 89.21 cents (all figures US$). Spot February hogs settled 1.075 cents per pound higher, or up 1.25 per cent, […] Read more

U.S. live cattle futures settled narrowly mixed on Wednesday, pressured by news that Russia may block some North American meat imports, but prices drew support from a tighter cattle supply outlook. Chicago Mercantile Exchange (CME) spot February live cattle closed up 0.05 cent per pound at 125.775 cents. And most-actively traded April finished down 0.025 […] Read more

U.S. live cattle futures rallied on Tuesday, helped by news that Japan could ease U.S. beef import restrictions soon, triggering short-covering, traders and analysts said. Japan could relax its BSE-related import rules on U.S. beef on Feb. 1 if a panel of medicine and food experts consents, a Japanese health ministry spokesman said. Japan’s potential […] Read more

U.S. live cattle futures sank to multi-month lows on Friday as investors continued to digest Thursday’s news that Cargill plans to close a Texas beef packing plant on Feb. 1, traders and analysts said. Cargill announced its Plainview, Texas plant would be shut down due to tight cattle supplies after drought in the U.S. southwest […] Read more

Chicago Mercantile Exchange (CME) live cattle futures fell hard Thursday on news that Cargill plans to close its beef packing plant in Plainview, Texas, on Feb. 1 due to tight supplies, traders and analysts said. CME live cattle futures at one point fell by their three-cent daily price limit, but recovered some of those losses […] Read more

Chicago Mercantile Exchange (CME) live cattle futures sank on Wednesday to their lowest level in two months as prices for cattle in the cash market moved lower, analysts and traders said. They said CME live cattle February and April broke through their respective psychological support levels of 130 and 134 cents, triggering fund liquidation. Live […] Read more

Chicago Mercantile Exchange (CME) feeder cattle on Monday fell for a sixth straight day, pressured by corn prices which have risen in the last seven trading sessions, analysts and traders said. The corn rally means feedlots will be paying more to fatten their cattle and it reduces demand for replacement animals, one trader said. Lower […] Read more

Chicago Mercantile Exchange (CME) hog futures closed higher on Monday as traders anticipated a rebound in cash hog prices by covering short positions, traders and analysts said. Spot February hogs settled 1.025 cents per pound higher at 85.225 cents. Most-actively traded April ended at 87.85 cents, up 0.725 cent (all figures US$). Packers may raise […] Read more