Theopolis Waters

Chicago Mercantile Exchange live cattle futures closed lower on Friday as traders adjusted positions ahead of the U.S. Department of Agriculture monthly cattle-on-feed report that was released after the futures closed, analysts and traders said. Analysts called the report neutral for futures on Monday as its supply numbers were nearly in line with trade estimates. […] Read more

Chicago Mercantile Exchange hog futures closed higher on Thursday, lifted by strong wholesale pork values in tight seasonal supplies, analysts and traders said. CME June hogs settled up 0.95 cent to 92.875 cents per pound while July closed at 92.55 cents, or 0.7 cent higher (all figures US$). Wholesale pork values proved solid all week […] Read more

Chicago Mercantile Exchange (CME) live cattle futures on Wednesday fell for a fourth straight session as lower cash cattle prices weighed on the market despite record-high beef values, traders and analysts said. U.S. Department of Agriculture data showed wholesale price of choice beef, or cutout, on Wednesday jumped $3.48 per hundredweight (cwt) from Tuesday to […] Read more

Chicago Mercantile Exchange (CME) hog futures settled mostly firm on Tuesday as funds sold the spot-June contract and bought deferred months as dictated by the Goldman Sachs Commodity Index roll. Funds that follow Standard + Poor’s Goldman Sachs Commodity Index shifted their June long positions into July and August. Tuesday was the first of five […] Read more

Chicago Mercantile Exchange live cattle futures finished lower on Monday on expectations that wholesale beef prices will soon set a seasonal high, traders and analysts said. They said prospects for weaker wholesale beef prices and more cattle available for sale dampened optimism for higher cash cattle prices. CME June and August live cattle drifted below […] Read more

Chicago Mercantile Exchange live cattle futures turned sharply lower on Friday pulled down by fund liquidation, traders and analysts said. They said futures felt more pressure from profit-taking after recent market advances. “Profit-taking got the ball rolling during the quiet session, then funds chimed in after we fell through moving averages,” a trader said. CME […] Read more

Chicago Mercantile Exchange live cattle futures moved higher on Thursday as wholesale beef prices approached an all-time high, fueled by growing grilling demand, said analysts and traders. The wholesale price of choice beef, or cutout, Thursday morning rose 81 cents per hundredweight (cwt) to $200.30/cwt (all figures US$). It is the highest since $200.65 on […] Read more

Aside from the April contract, Chicago Mercantile Exchange (CME) live cattle futures slumped Tuesday on late-session fund liquidation, traders and analysts said. Futures losses mounted as investors took profits on the last trading day of the month. Live cattle at the CME were poised to finish down less than one per cent for the month. […] Read more

Chicago Mercantile Exchange (CME) hog futures closed lower on Monday on profit taking amid uneasiness about near-term cash price direction, traders and analysts said. They said some investors reduced long positions on the eve of the final trading day of the month of April while waiting to see what May brings. CME hogs’ “rich” premium […] Read more