Theopolis Waters

Chicago Mercantile Exchange hog futures spiked on Wednesday as funds sold the August contract and bought deferred months led by the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI). Funds that follow the S+PGSCI shifted their CME hog and live cattle August long positions mainly into October. Wednesday was the third of five days for […] Read more

Chicago Mercantile Exchange hog futures rose on Friday after wholesale pork prices shrugged off pre-holiday losses ahead of U.S. Independence Day, analysts and traders said. CME hogs finished up 0.69 per cent for the week. Spot July hogs settled 0.725 cent/lb. higher at 102.35 cents, and then marked a new contract high of 102.4 cents […] Read more

Chicago Mercantile Exchange live cattle futures gained modestly before the U.S. Independence Day holiday supported by higher wholesale beef prices, analysts and traders said. CME livestock markets closed at noon CT on Wednesday in advance of the holiday. Markets will reopen on Friday at 9:05 a.m. CT. The U.S. Department of Agriculture on Wednesday morning […] Read more

Chicago Mercantile Exchange hog futures on Tuesday slid for a third straight session as lower wholesale pork values stirred profit taking, traders and analysts said. The U.S. Department of Agriculture’s Tuesday evening mandatory wholesale pork price, or cutout, was $106.91 per hundredweight (cwt), $1.50 lower than Monday (all figures US$). The cutout was largely pressured […] Read more

The U.S. hog herd in the latest quarter was mostly steady with a year earlier, a U.S. government report showed on Friday, and down slightly from trade forecasts. However, producers had a record number of pigs per litter during the period at 10.31, up about two per cent from a year earlier. USDA showed the […] Read more

Chicago Mercantile Exchange hog futures dropped on Friday pressured by profit taking and sharply lower Chicago Board of Trade corn futures, traders and analysts said. CBOT corn spiraled downward in response to larger-than-expected U.S. Department of Agriculture acreage estimates. Cattle and hog producers may feed more livestock and fatten them to heavier weights if corn […] Read more

Chicago Mercantile Exchange hog futures climbed on Thursday as pork prices remained historically high, traders and analysts said. Thursday morning’s U.S. Department of Agriculture mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at US$110.78 per hundredweight (cwt). The price slipped from Wednesday’s all-time high of $111.33/cwt but stayed above the […] Read more

Chicago Mercantile Exchange live cattle climbed on Wednesday with help from fund buying, traders and analysts said. CME live cattle August led advances. Spread traders bought August and sold spot-June before it expires on Friday. Spot-June settled up 0.125 cent per pound to 121.275 cents. Most-actively traded August closed 1.05 cents higher at 122.175 cents […] Read more

Chicago Mercantile Exchange hogs dropped Tuesday as lower cash prices stirred profit-taking, traders and analysts said. They said anticipation of wholesale pork prices about to top out contributed to CME hog futures’ selling. “We’re evolving to where consumers are getting saturated with pork and those prices are inching higher,” EBOTTrading.com senior analyst John Kleist said. […] Read more