Theopolis Waters

Chicago Mercantile Exchange hog futures climbed to a two-year high for a second straight day on Tuesday with seasonally tight hog supplies boosting cash prices, traders and analysts said. Sharply higher pork cutout values contributed to futures’ string of nine consecutive winning sessions. The U.S. Department of Agriculture’s Tuesday morning mandatory wholesale pork price data, […] Read more

Chicago Mercantile Exchange hog futures spiked to a two-year high on Monday as rumours that China is shopping for U.S. pork ignited short-covering, traders and analysts said. With grocers gearing up for U.S. Father’s Day cookouts, solid wholesale pork prices helped extend futures’ advances for an eighth straight day. The U.S. Department of Agriculture’s Monday […] Read more

Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after fund buying helped them reclaim some of Monday’s losses, traders and analysts said. Speculative buyers were drawn to futures’ continued discount to last week’s cash cattle prices. “It looks to me like the market is trying to put in a bottom given futures’ discount […] Read more

Chicago Mercantile Exchange live cattle slumped on Monday, pressured by fund liquidation and lower corn prices, analysts and traders said. Cheaper corn could prompt livestock producers to feed more cattle and hogs and to heavier weights. CME live cattle June finished below the 40-day moving average of 121.023 cents, triggering fund selling. It closed at […] Read more

Chicago Mercantile Exchange live cattle futures closed higher on Friday as steady cash prices helped futures recover from Thursday’s sell-off, traders and analysts said. Cash cattle in the U.S. Plains traded at $124 to $125 per hundredweight (cwt) on Friday, which was mostly steady with last week, said feedlot sources. “Packers needed cattle for next […] Read more

Chicago Mercantile Exchange (CME) live cattle slumped on Thursday as futures fell below technical support, triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving averages of 121.069 and 120.643 cents. It closed at 120.35 cents, or 1.025 cent per pound lower (all figures US$). August […] Read more

Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures’ discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick in wholesale beef prices and U.S. stocks’ steep climb fueled by strong economic data. The stock market gains reflect the strongest U.S. consumer confidence since […] Read more

Chicago Mercantile Exchange live cattle futures closed higher on Friday aided by short-covering ahead of the May 25 to May 27 U.S. Memorial Day holiday weekend, traders and analysts said. CME live cattle gained one per cent for the week despite weaker cash cattle and wholesale beef prices. June cattle ended at 120.575 cents, 1.45 […] Read more

Chicago Mercantile Exchange live cattle futures sagged on Thursday as lower cash cattle prices weighed, analysts and traders said. So far this week, cash cattle in Texas and Kansas traded at $124 per hundredweight (cwt), down $1 from a week ago, said feedlot sources (all figures US$). Packers bought cattle for next week’s slaughter that […] Read more