Theopolis Waters

U.S. live cattle futures turned higher on Tuesday, lifted by the turnaround in wholesale beef prices that stirred short-covering, said traders and analysts. Also, fund buying developed after Chicago Mercantile Exchange (CME) December and February broke through the 10-day moving average resistance level of 125.49 and 129.33 cents (all figures US$). "Most of what we […] Read more

U.S. hog futures ended lower on Monday, partly due to funds rolling some December long positions into deferred months, said analysts and traders. Funds that follow the Standard + Poor’s Goldman Sachs Commodity Index rolled spot-month December hogs and live cattle futures long positions mainly into February and April. Monday was the fourth of five […] Read more

(Oct. 26) U.S. live cattle futures drifted lower on Friday in response to a drop in wholesale beef values as retailers pushed back against near-record high prices, said analysts and traders. Chicago Mercantile Exchange live cattle investors were uneasy about economic worries on Wall Street. Some pointed to technical issues after futures breached moving average […] Read more

U.S. live cattle futures fell more than one per cent on Thursday as investors took profits and funds liquidated long positions after the market dropped below key technical support levels, said analysts and traders. R.J. O’Brien floor manager James Brooks described the future’s selloff on Thursday as technical-related, with short-term funds the prime sellers. Chicago […] Read more

U.S. live cattle futures posted modest gains on Wednesday as rising wholesale beef prices offered optimism for at least steady cash cattle prices, said analysts and traders. Chicago Mercantile Exchange (CME) hogs also closed moderately higher and feeder cattle settled steady to firm. Live cattle at the CME edged upward from the start, lifted by […] Read more

U.S. live cattle and hog futures finished lower Tuesday in response to the stock market’s steep drop that ignited active fund selling in a wide range of commodities, said analysts and traders. U.S. stocks plunged following weak earnings that fuelled worries about a global economic slowdown. "All softs, grains and metals were lower amid economic […] Read more

U.S. live cattle futures settled mostly lower Friday on caution before the 2 p.m. ET release of the U.S. Department of Agriculture cattle-on-feed report. While Chicago Mercantile Exchange (CME) live cattle drew support from higher cash cattle prices, selling in other contracts was tied to steep losses on Wall Street. Most live cattle futures lost […] Read more

U.S. live cattle settled in positive territory for a fourth consecutive session as the recent rise in wholesale beef prices stirred anticipation for higher cash cattle values. Positioning before the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday offered extra support to Chicago Mercantile Exchange (CME) live cattle. Analysts expect Friday’s government data to […] Read more