Theopolis Waters

Chicago Mercantile Exchange hog futures closed lower on Thursday on profit-taking in response to steady to lower cash hog prices, traders and analysts said. October hog futures finished down 0.9 cent at 92.8 cents per pound and December closed down 0.875 cent, at 87.725 cents (all figures US$). Thursday afternoon cash hog prices in the […] Read more

Chicago Mercantile Exchange hog futures on Wednesday gained for a third day in row as investors adjusted positions ahead of the U.S. Department of Agriculture quarterly hogs report on Friday, traders said. Analysts looked for the report to show that while spread of the deadly porcine epidemic diarrhea virus (PEDv) led to a near-term shortage […] Read more

Chicago Mercantile Exchange hog futures finished up more than two per cent Tuesday on speculative buying tied to the spread of the porcine epidemic diarrhea (PEDv) pig virus, traders and analysts said. PEDv, which is deadly to baby pigs, could reduce the number of hogs coming to market in the coming months. “Some people are […] Read more

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