Theopolis Waters

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

Chicago Mercantile Exchange (CME) lean hog futures climbed to a 9-1/2-month high on Wednesday as fund buying lifted nearby trading months beyond a key technical resistance level, said analysts and traders. June and July hogs broke through their respective 100-day moving averages of 92.93 and 92.95 cents per pound, which stirred short-covering (all figures US$). […] Read more

Chicago Mercantile Exchange live cattle futures on Tuesday closed higher after wholesale beef prices notched another record high fueled by grilling demand and tight supplies, said traders and analysts. Supermarkets are also close to booking fresh beef for the May 25 to May 27 U.S. Memorial Day holiday backyard cookouts. U.S. Department of Agriculture data […] Read more

The number of cattle placed in U.S. feedlots last month was up 15 per cent from a year earlier, a government report showed Friday, and analysts said reduced feed costs encouraged fattening cattle for slaughter. The U.S. Department of Agriculture reported April placements at 1.75 million head, up 15 per cent from 1.521 million in […] Read more