Theopolis Waters

Chicago Mercantile Exchange (CME) live cattle futures settled mostly lower on Friday, pressured by profit taking after recent advances, analysts and traders said. The thinly traded April cattle contract held the lone gain due to higher cash cattle prices. The contract is to expire on April 30. CME live cattle finished up 1.1 per cent […] Read more

Chicago Mercantile Exchange (CME) live cattle futures on Thursday stretched gains into a third straight session in anticipation of steady-to-higher cash cattle prices, traders and analysts said. June future’s discount to last week’s cash cattle returns and this week’s cash expectations attracted buyers. CME April and June live cattle cleared their respective 40-day moving averages […] Read more

Chicago Mercantile Exchange (CME) live cattle futures rose on Wednesday in anticipation of steady-to-higher cash cattle prices, said traders and analysts. June futures at times led advances due to its discount to last week’s cash cattle prices. CME live cattle punched through key technical resistance levels, which triggered fund buying. Spot April live cattle closed […] Read more

Chicago Mercantile Exchange (CME) live cattle futures finished steady to firm on Tuesday on short-covering in anticipation of steady-to-higher cash cattle prices, said traders and analysts. Higher wholesale beef prices on Tuesday and technical buying also supported cattle. CME live cattle and hog futures were briefly lower, as was Wall Street, following a false tweet […] Read more

Chicago Mercantile Exchange (CME) live cattle futures closed lower on Monday as larger-than-expected March feedlot placements in Friday’s U.S. Department of Agriculture monthly cattle-on-feed report prompted selling, said traders and analysts. The government report showed a surprising rise in the number of cattle placed in feedlots as harsh winter weather in February delayed placements until […] Read more

The number of cattle placed in U.S. feedlots last month rose unexpectedly, a government report showed Friday, after many cattle that were delayed by harsh winter weather in February arrived in feedyards in March. The U.S. Department of Agriculture showed March placements up six per cent from a year earlier to 1.899 million head. The […] Read more

Chicago Mercantile Exchange (CME) live cattle futures closed mostly weak as traders awaited Friday’s U.S. Department of Agriculture monthly cattle-on-feed report at 2 p.m. CT, said traders and analysts. Analysts expect the data to show the number of cattle placed in feedlots last month fell from a year ago as high-priced corn reduced demand for […] Read more

Chicago Mercantile Exchange (CME) live cattle futures slumped on Thursday, dragged down by profit-taking amid uneasiness about prices for cattle left to sell in the cash market, traders and analysts said. They also cited weak wholesale beef prices as wet cold weather delays spring grilling. Funds sold after spot-April and most-actively traded June drifted below […] Read more

Chicago Mercantile Exchange (CME) hog futures hit a 2-1/2 month high on Wednesday, led by short-covering after wholesale pork prices moved upward, analysts and traders said. They said CME hogs punched through key moving average resistance, which touched off fund buying and buy stops. Futures made headway despite the dollar’s rebound and triple-digit U.S. stock […] Read more

Chicago Mercantile Exchange (CME) live cattle futures on Tuesday reclaimed some ground lost after equities and other commodities recovered from Monday’s selloff, traders and analysts said. The lower dollar, stable gold prices and stock market recovery brought relief to the cattle market, said Dennis Smith, an analyst with Archer Financial Services. CME live cattle’s discount […] Read more