Theopolis Waters

Chicago Mercantile Exchange live cattle futures closed lower on Thursday on selling fueled by the stock market’s sharp drop, which was caused by the U.S. Federal Reserve’s intention to curb its fiscal stimulus, analysts and traders said. Funds and investors with assets in equities also took money out of a wide spectrum of commodity classes […] Read more

Chicago Mercantile Exchange (CME) live cattle rallied on Wednesday with the rise fuelled by higher CME hogs and Chicago Board of Trade corn futures, traders and analysts said. They said soaring wholesale pork prices may cause grocers to feature more beef for backyard cookouts on the U.S. Independence Day holiday. They added that cattle and […] Read more

Chicago Mercantile Exchange hog futures rose on Tuesday with U.S. supermarkets buying pork for July 4 holiday demand, traders and analysts said. Tuesday morning’s mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at $105.79 per hundredweight (cwt), up $1.90 from Monday (all figures US$). Tuesday’s pork price was the highest […] Read more

Chicago Mercantile Exchange (CME) live cattle futures rose on Monday driven in part by a five-year high in weekly U.S. beef exports, traders and analysts said. The turnaround in wholesale beef values on Monday also contributed to futures’ gains, they said. U.S. Department of Agriculture on Monday reported last week’s beef exports at roughly 27,000 […] Read more

Aside from spot-June Chicago Mercantile Exchange hog futures, remaining contracts fell on profit taking, traders and analysts reported Friday. Most hog contracts slid despite higher cash hog and wholesale pork prices. “Packers couldn’t seem to get enough hogs around them because of seasonally tighter-than-expected supplies,” a trader said. Government data showed the average hog price […] Read more

Aside from spot-June Chicago Mercantile Exchange hog futures, other contracts on Thursday sagged on profit taking following an 11-day winning streak, traders and analysts said. Slipping wholesale pork prices and unprofitable packer operating margins suggest CME hogs are close to topping out in the near term, they said. Thursday afternoon’s mandatory wholesale pork price data, […] Read more

Chicago Mercantile Exchange hog futures on Wednesday notched their third straight day of hitting a two-year high, with planned U.S. July Fourth holiday cookouts boosting pork prices, traders and analysts said. And, they said, consumers are switching from expensive beef to relatively less-costly pork. Wednesday morning’s mandatory wholesale pork price data, or cutout, calculated on […] Read more

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