Theopolis Waters

CHICAGO, Dec 22 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday climbed to a 4-month high for a second day in a row, fueled by short-covering and stronger-than-anticipated cash prices, said traders. CME livestock futures will close early on Friday and will be closed on Monday in observance of the Christmas holiday. December […] Read more

CHICAGO, Dec 20 (Reuters) – Chicago Mercantile Exchange lean hogs on Tuesday settled lower for the first time in five sessions, hit by profit-taking and weaker cash prices before packing plants close over the Christmas holiday, traders said. February hogs ended 2.100 cents per pound lower at 64.000 cents, and April 1.200 cents lower at […] Read more

CHICAGO, Dec 19 (Reuters) – Chicago Mercantile Exchange live cattle futures settled mostly higher on Monday after investors sold the December contract and simultaneously bought deferred months in a market strategy known as bear-spreading, said traders. The spreads, along with modest positioning before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report, lifted some back-months to […] Read more

CHICAGO, Dec 15 (Reuters) – Chicago Mercantile Exchange live cattle futures closed weaker on Thursday as investors wait for remaining slaughter-ready, or cash, cattle to change hands by Friday, traders said. December live cattle closed down 0.375 cent per pound at 110.725 cents, and February was 0.425 cent lower at 113.275 cents. Packers may resist […] Read more

CHICAGO, Dec 14 (Reuters) – Chicago Mercantile Exchange live cattle contracts finished in bearish territory on Wednesday, weakened by profit-taking and disappointing early-week cash prices, traders said. December live cattle closed down 0.025 cent per pound to 111.100 cents, and February down 0.275 cent to 113.700 cents. Cattle at Wednesday morning’s Fed Cattle Exchange (FCE) […] Read more

CHICAGO, Dec 12 (Reuters) – Chicago Mercantile Exchange live cattle futures closed higher on Monday, partly in anticipation of bone-chilling temperatures in the U.S. Plains and Midwest by week’s end, said traders. Extreme cold typically slows down weight gain in cattle, making them less available to packers. Also grocers tend to stock up on meat […] Read more

CHICAGO, Dec 8 (Reuters) – Chicago Mercantile Exchange lean hog futures rallied for a fourth consecutive session on Thursday, spurred by higher cash prices and technical buying, said traders. December hogs, which will expire on Dec. 14, closed up 0.975 cent per pound to 55.675 cents. Most actively traded February ended 1.075 cents per pound […] Read more

CHICAGO, Dec 7 (Reuters) – Chicago Mercantile Exchange lean hog futures gained for a third straight day on Wednesday, led by upward-trending cash and wholesale pork prices, said traders. December hogs closed up 1.325 cents per pound at 54.700 cents. Most actively traded February ended 2.275 cents per pound higher at 59.750 cents. Packers are […] Read more

CHICAGO, Dec 6 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday reached their highest level in two months, fueled by rising cash prices and decent pork demand, said traders. February and April futures punched through their respective 100-day moving average of 55.845 cents and 62.070 cents, which triggered fund buying and buy stops. […] Read more