Theopolis Waters

Chicago Mercantile Exchange live cattle on Tuesday gained for a third straight session, helped by recent wholesale beef price advances that may contribute to record-high cash prices this week, traders said. Consumer demand for select beef cuts, which includes roasts, tends to improve during the fall as interest in outdoor grilling wanes. And wholesalers actively […] Read more

Chicago Mercantile Exchange hogs ended lower for a third straight session on Monday, pressured by weaker cash hog and wholesale pork prices. December hogs closed 0.475 cent per lb lower at87.475 cents and February finished at 89.650 cents, down0.400 cent. U.S. Department of Agriculture data on Monday morning showed the average price of hogs in […] Read more

Chicago Mercantile Exchange live cattle futures on Friday gained in quiet trading, partly supported by this week’s higher cash prices, traders said. And investors bought CME live cattle with the view that Thursday’s technical-related market selloff was overdone. “The market was extremely quiet with people not knowing which direction to go after yesterday’s wild downward […] Read more

Chicago Mercantile Exchange live cattle futures finished lower on Thursday as fund liquidation erased early-session cash-infused gains, traders said. Wednesday’s CME live cattle advances, driven by higher cash cattle prices and the firm beef cutout, carried over into Thursday morning’s trade. However, traders took profits in anticipation of cash cattle prices peaking soon as packers […] Read more

Chicago Mercantile Exchange live cattle futures closed higher on Wednesday, supported by the steep climb in equities in response to the U.S. Senate’s budget deal that puts the government one step closer to reopening soon. “I hope that’s the case so we can get (U.S. Department of Agriculture) price data flowing again,” a trader said. […] Read more

Chicago Mercantile Exchange hog futures prices finished more than one per cent higher on Tuesday as fund buying rallied the market from early-session lows, traders and analysts said. They said nearby hog contracts punched through resistance levels at key moving averages, drawing the attention of fund buyers and triggering buy stops. December hogs closed 1.45 […] Read more

Chicago Mercantile Exchange live cattle on Monday climbed to a seven-month high, supported by firm wholesale beef values, traders and analysts said. Friday’s higher-than-expected cash cattle prices motivated futures buyers on Monday. And speculators bought deferred trading months in anticipation of tighter cattle numbers in the months ahead. Thousands of cattle lost to the freak […] Read more

Chicago Mercantile Exchange feeder cattle futures rose to new highs for a second straight session on Friday fueled by a shortage of supplies, traders and analysts said. October feeder cattle ended 1.55 cents per pound higher at 167.475 cents, having earlier hit a new contract high of 168.475 cents in electronic trading. November settled at […] Read more

Chicago Mercantile Exchange feeder cattle futures on Thursday rose to a record high for the second time this week as reduced corn costs encourage feedlots to buy young cattle. Chicago Board of Trade corn for December delivery settled down 5-1/4 cents at $4.38-1/4 a bushel (all figures US$), weighed by seasonal harvest pressure and talk […] Read more