Theopolis Waters

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep losses for a second straight session on Monday, partly due to fund liquidation after contracts fell through key technical support levels, traders said. April closed 2.45 cents per pound lower at 155.35 cents (all figures US$). It dropped below the 100-day and 40-day […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell by the three-cent-per-pound price limit Friday on profit-taking and lower cash prices, traders said. April and June closed at 157.8 cents and 149 cents, respectively (all figures US$). CME’s live cattle trading limit will be expanded to 4.5 cents on Monday following futures’ limit-down settlement […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained for the fourth day in a row on Thursday, again helped by their discounts to cash prices, traders said. April ended up 0.075 cent per pound at 160.8 cents and June, 0.325 cent higher at 152 cents (all figures US$). “There was too much […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained for a third straight day on Wednesday, driven by their discounts to recent prices for market-ready or cash cattle, traders said. April ended up 1.125 cents/lb., to 160.725 cents, and June 1.25 cents higher, at 151.675 cents (all figures US$). So far this week, […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday, led partly by the day’s wholesale beef price upswing, traders said. April ended up 0.775 cent per pound at 159.6 cents, and June 1.475 cents higher at 150.425 cents (all figures US$). Tuesday morning’s choice wholesale beef price jumped $1.60 per […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts advanced modestly on Monday, helped by short-covering and futures’ discounts to last week’s cash prices, traders said. April ended up 0.025 cent per pound to 158.825 cents, and June up 0.15 cent, to 148.95 cents (all figures US$). Last week, market-ready (cash) cattle in Kansas […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell hard on Friday, with the April contract down by its three-cent-per-pound price limit, on fund selling and anticipation of further weakness in cash values, traders said. April ended three cents/lb. lower at 158.8 cents/lb., and June was down 2.775 cents to 148.8 cents (all […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained slightly on Thursday, reversing initial selling aided short-covering and futures’ discounts to last week’s cash prices, traders said. April ended 0.25 cent per pound higher at 161.8 cents, and June finished up 0.125 cent at 151.575 cents (all figures US$). On Thursday, a packer […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Wednesday after investors pocketed profits while waiting for this week’s prices for market-ready (cash) cattle, traders said. April closed 1.45 cents per pound lower at 161.55 cents, and June was down 0.875 cent at 151.45 cents (all figures US$). Cash cattle bids surfaced […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday following improved wholesale beef values and futures’ discount to last week’s cash prices, traders said. April closed 0.55 cent per pound higher at 163 cents, and June was up 0.575 cent at 152.325 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more