Theopolis Waters

Chicago | Reuters — Chicago Mercantile Exchange hogs on Tuesday set a new high after recovering some of Monday’s hefty losses, helped by short-covering and futures’ discount to prices for market-ready or cash hogs. CME’s hog index, a two-day barometer reflecting cash prices, was at a record-high 129.87 cents, which surpassed the previous high of […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hog futures settled firmer on Friday after a volatile day of trading before the highly anticipated U.S. Department of Agriculture quarterly hog report at 2 p.m. CT. Analysts’ estimates for USDA’s Friday report varied widely, reflecting uncertainty about how much the data will account for the impact of […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday jumped to their three-cents daily price limit, ignited by record-high prices for slaughter-ready or cash hogs, traders and analysts said. The morning’s hog price at the closely watched Iowa/Minnesota market surged $4.70 per hundredweight (cwt) from Wednesday to a record-high $131.49, according to the […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange hog futures turned higher on Wednesday, supported by bargain hunting and short covering after 2-1/2 days of losses, traders and analysts said. Investors cited futures’ discount to CME’s hog index that touched a record high at 125.04 cents, surpassing the March 21 record of 122.57 (all figures US$). […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hog futures settled down their three-cent daily price limit on Tuesday, rattled by profit-taking and a drop by wholesale pork prices, traders and analysts said. Sentiment that cash hog prices may be about to peak if packers are unable to move pork contributed to the CME hogs’ selloff, […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the first time in eight sessions, pressured by profit-taking in anticipation of prices for market-ready or cash hogs topping out soon, traders said on Monday. For more than a month, packers maintained steady or higher cash hog bids due to harsh wintry weather and […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday fell modestly as investors tweaked positions before the U.S. Department of Agriculture’s monthly Cattle-on-Feed report at 2 p.m. CT, traders said. Analysts expect Friday’s data to show increased cattle placements last month as profitable margins allowed feedlots to bring in more calves for […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slid after hitting contract highs in early trade, weighed by weaker wholesale beef prices and fund liquidation, traders said. The morning’s wholesale beef price, or cutout, dropped for a second straight day, with choice down $1.10 per hundredweight (cwt) from Wednesday to $242.27. […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mixed on Wednesday, supported by higher cash hog prices while pressured by sporadic profit-taking, traders said. The morning’s hog price in the closely watched Iowa/Minnesota market rose $2.41 per hundredweight (cwt) to $122.90, surpassing Tuesday’s $121.13 record, based on U.S. Department of Agriculture data. Packers […] Read more