Theopolis Waters

U.S. live cattle futures fell Friday on lower-than-expected prices for cattle in the cash market, said analysts and traders. Chicago Mercantile Exchange live cattle December closed 1.475 cents per pound lower, or 1.15 per cent, at 126.725 cents. February ended down 1.7 cents, or 1.29 per cent, to 130.4 cents (all figures US$). Live cattle […] Read more

U.S. hog futures turned moderately lower Thursday on profit-taking and indications that futures were technically overbought, which erased an earlier six-month high, said traders and analysts. Chicago Mercantile Exchange (CME) hogs hit a relative strength index (RSI) of 73.33. A RSI of 70 is viewed as technically overbought and subject to a downward correction. Investors […] Read more

U.S. hog futures rose on Wednesday to their highest level in six months, lifted by strong cash hog and wholesale pork values, analysts and traders said. Investors covering short positions gave an added boost to Chicago Mercantile Exchange hogs. Fund buying surfaced after the February contract broke through the 10-day moving average of 86.96 cents […] Read more

U.S. live cattle futures closed slightly lower on Tuesday as investors worried that talks in Washington may not resolve the "fiscal cliff" that has been hanging over commodity and equity markets, said analysts and traders. The lower stock market, despite some encouraging economic news, had cattle investors favouring the sell side. Chicago Mercantile Exchange livestock […] Read more

U.S. live cattle futures closed lower on Monday on profit taking ending six consecutive sessions of advances, said analysts and traders. Some had expected the market to extend gains, but instead there was liquidation after the recent uptrend, said Citibank futures specialist Art Liming. Stock market losses, prompted by domestic and global economic worries, further […] Read more

U.S. live cattle futures on Friday scored an eight-month high in thin post-Thanksgiving Day (U.S.) trade, in part bolstered by strong cash cattle prices and solid beef demand, said analysts and traders. Chicago Mercantile Exchange live cattle also finished the week up 2.2 per cent amid fund buying and triple-digit stock market gains following the […] Read more

U.S. live cattle futures on Wednesday rose for a fifth straight session, driven by expectations for higher prices for cattle in the cash market, said traders and analysts. The Chicago Mercantile Exchange (CME) will be closed on Thursday for the U.S. Thanksgiving Day holiday. Packers in the southern U.S. Plains raised cash bids by $3 […] Read more

U.S. live cattle futures gained as improved wholesale beef values fueled expectations for steady-to-higher cash prices this week, said analysts and traders. Investors are anticipating a better cash market and beef prices may trend higher as demand returns to normal in the North East after Hurricane Sandy, said Vetterkind Cattle Brokerage president Troy Vetterkind. The […] Read more

U.S. hogs spiked by two per cent in early trading Monday, partly driven by hopes of a U.S. "fiscal cliff" resolution that ignited fund buying across a wide range of commodities and equities markets, said analysts and traders. "Everything followed the stock market higher. In this environment, no one will be able to stay on […] Read more

U.S. live cattle futures gained modestly on Thursday as investors adjusted positions before the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday, analysts and traders said. Analysts polled by Reuters expect the report to show U.S. cattle placements in October fell 12.6 per cent. Investors also priced in a potential cash cattle market trade […] Read more