Theopolis Waters

The Chicago Mercantile Exchange will no longer accept delivery of cattle fed the growth additive Zilmax on Oct. 7, to conform with exchange guidelines for deliveries against CME live cattle futures, said CME in a statement on Monday. The guideline will be implemented beginning with October deliveries on Oct. 7, CME’s managing director of commodity […] Read more

Chicago Mercantile Exchange live cattle futures climbed on Monday in response to Friday’s bullish U.S. Department of Agriculture monthly cattle-on-feed report. The report showed the number of cattle placed in U.S. feedlots in August dropped 11 percent from a year earlier to their lowest level for that month in 17 years. The government’s monthly cattle […] Read more

Chicago Mercantile Exchange live cattle futures gained modestly on Friday as investors adjusted positions ahead of the U.S. Department of Agriculture’s monthly cattle-on-feed report. Analysts expected the report, released on Friday at 2 p.m. CT, to show the number of cattle moved into U.S. feedlots in August declined to its lowest level for the month […] Read more

Chicago Mercantile Exchange live cattle futures extended gains on Thursday as fund buying touched off buy stops, traders and analysts said. They said the belief that cash cattle prices are about to forge a seasonal bottom contributed to futures’ advances. And investors tweaked positions before the U.S. Department of Agriculture’s monthly cattle-on-feed report. The data […] Read more

Chicago Mercantile Exchange live cattle futures turned moderately higher on Wednesday as the U.S. Federal Reserve’s decision not to curtail its bond-buying stimulus program sent the U.S. stock market up sharply, traders said. Some live cattle futures investors said renewed confidence in the stock market bodes well for demand for U.S. goods, including high-end cuts […] Read more

Chicago Mercantile Exchange hog futures slumped on Tuesday, as investors who expect cash hog prices to top out soon took profits, traders and analysts said. They said packers are reluctant to bid more for cash hogs given unprofitable operating margins and the seasonal increase in supplies. In the morning, the U.S. Department of Agriculture reported […] Read more

Chicago Mercantile Exchange hogs on Monday spiked to new contract highs, driven by strong cash hog prices, traders and analysts said. The U.S. Department of Agriculture on Monday afternoon reported the average hog price in the most-watched Iowa/Minnesota market up $1.09 per hundredweight (cwt) from Friday at $96.48 (all figures US$). CME October hogs finished […] Read more

Chicago Mercantile Exchange live cattle futures rose Friday on short-covering on expectations that cash prices could move higher in months ahead as supplies tighten, traders and analysts said. Smaller cattle numbers are approaching, which eventually will put cash closer in line with futures, said Oak Investment Group president Joe Ocrant. On Friday, feedlots held out […] Read more

Chicago Mercantile Exchange live cattle futures settled mixed on Thursday as funds sold their October positions and bought deferred contracts while conducting a strategy called a “roll.” Funds that use the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI) shifted, or rolled, their CME live cattle and hogs October long positions mainly into December. Thursday […] Read more

Chicago Mercantile Exchange hog futures settled lower on Wednesday as funds sold their October contracts and bought deferred months as they executed a regular monthly maneuver called a “roll.” Many of these funds, which utilized Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), shifted, or rolled, their CME hog and live cattle October long positions […] Read more