Theopolis Waters

U.S. live cattle futures rose to a six-month high for a second straight day on Wednesday fueled by cash cattle price optimism and rising wholesale beef values, analysts and traders said. Live cattle at the Chicago Mercantile Exchange (CME) garnered additional support from fund buying, traders said. December futures led advances as funds in CME’s […] Read more

U.S. live cattle futures settled higher on Tuesday as fund buying and short-covering lifted the market to its highest level in six months, said analysts and traders. Chicago Mercantile Exchange (CME) October live cattle received an added boost from an adjustment to losses during Monday’s Goldman Roll, said traders. Monday was the first of five […] Read more

U.S. hog futures rallied more than one per cent on Monday, boosted by short-covering and sentiment the market was overdone to the downside after plummeting to a 20-month low last week, said analysts and traders. Chicago Mercantile Exchange (CME) October hogs closed up 1.225 cent, or 1.72 per cent, to 72.575 cents. December ended 1.075 […] Read more

U.S. live cattle futures were mixed on Friday with the October contract up on better-than-expected beef demand, posting the biggest weekly percentage increase in 15 months, said traders and analysts. They said investors also bought October futures and sold December, playing the spread between the two contracts on the view that tight supplies could force […] Read more

U.S. hog futures fell to a 20-month low on Thursday amid increased supplies, with producers rushing animals to market as the worst drought in more than half a century drove feed costs to record highs, said analysts and traders. The decline accelerated as funds liquidated hog futures despite a strong rally on Wall Street, which […] Read more

U.S. live cattle futures on Wednesday ended firm, and at one point spiked to their highest level in more than five months, driven by cash cattle price optimism and improved wholesale beef values, said analysts and traders. Chicago Mercantile Exchange feeder cattle posted modest gains but hogs ended lower. CME live cattle investors grew confident […] Read more

Record-high feed costs caused by the worst drought in half a century are forcing farmers to slaughter more of their hogs, with the number reaching 9.9 million head in August, the highest-ever for that month, data analyzed by Reuters showed. The U.S. Department of Agriculture will not issue its August monthly tally until next month, […] Read more

U.S. live cattle futures settled steady to firm on Tuesday, supported by an upswing in wholesale beef prices and fund buying, analysts and traders said. Hog futures rose slightly and feeder cattle at the Chicago Mercantile Exchange ended firmer. CME live cattle drew support from the rebound in wholesale beef prices as some grocers restocked […] Read more

U.S. hog futures posted their biggest monthly loss in a decade as record high feed costs caused by the worst drought in 56 years forced herd liquidation. Chicago Mercantile Exchange (CME) hog futures settled higher Friday as fund buying and short-covering rallied the market from morning lows before the Labour Day holiday, said analysts and […] Read more

U.S. live cattle futures climbed more than one per cent on Wednesday, boosted by fund buying and short-covering, said analysts and traders. Chicago Mercantile Exchange (CME) feeder cattle and hogs gained modestly. Live cattle futures surged after breaking through key technical resistance levels, triggering fund buying. "It was more technical than anything else, with chart […] Read more