Theopolis Waters

U.S. feeder cattle futures rose on Wednesday, hitting a three-and-a-half-month high fueled by a shortage of feeder cattle and advances in the live cattle market. Chicago Mercantile Exchange (CME) spot October feeder cattle closed 0.85 cent higher, or 0.58 per cent, at 146.95 cents per pound. Most-actively traded November ended at 149.275 cents, 1.55 cents […] Read more

U.S. feeder cattle futures rose for a third straight session on Tuesday, drawing support from tight feeder cattle supplies and gains in live cattle futures. Traders cited steady-to-higher cash feeder cattle values and weaker corn prices, which lowered the cost for feed. "You have that reciprocal trade between corn and feeders (futures) and the tighter […] Read more

Chicago U.S. feeder cattle futures rallied almost one per cent on Monday, lifted by short-covering as corn prices fell more than two per cent amid fund liquidation, improving feedlot demand for younger cattle. Feeder cattle at the Chicago Mercantile Exchange (CME) garnered further support from gains in its live cattle market. "When the corn market […] Read more

U.S. hog futures hit a two-and-a half-month high on Friday, and extended their weekly win streak to five, fueled by higher cash hog and wholesale pork prices, said analysts and traders. Chicago Mercantile Exchange (CME) hogs ended up almost 1.8 per cent for the week as grocers feature pork for National Pork Month in October. […] Read more

U.S. feeder cattle futures declined nearly two per cent on Thursday, and some months sank by their three-cent daily trading limit, as corn prices surged more than five per cent after a U.S. Department of Agriculture report. The USDA estimated smaller-than-expected corn production that will likely put more pressure on feed costs for livestock producers, […] Read more

U.S. hog futures climbed to their highest levels in 2-1/2 months on Wednesday, lifted by strong wholesale pork demand and futures’ discount to cash prices, analysts and traders said. Chicago Mercantile Exchange (CME) December hogs led the charge as spreaders bought that contract and sold thinly traded spot October which will expire on Friday. "December […] Read more

U.S. live cattle futures rose for a third straight day on Tuesday as wholesale beef prices climbed, fueling optimism for cattle prices in the cash market, traders and analysts said. Chicago Mercantile Exchange (CME) spot October live cattle cleared the 100- and 20-day moving averages of 124.05 and 124.46 cents, igniting fund buying and bullish […] Read more

U.S. hog futures finished higher on Monday as some packers raised bids for cash hogs whose numbers have tightened in recent weeks, said analysts and traders. Spreaders also bought Chicago Mercantile Exchange (CME) December hogs as the spot October contract prepares to expire on Oct. 12. Some traders also sold distant trading months and bought […] Read more

U.S. hog futures settled mixed on Friday on sentiment that cash hog prices are close to topping out after recent advances helped futures to their biggest weekly percentage gain in four months, said analysts and traders. Spreaders also sold Chicago Mercantile Exchange (CME) spot October hogs and bought deferred months as the spot month prepares […] Read more