Theopolis Waters

CHICAGO, Oct 23 (Reuters) – Chicago Mercantile Exchange lean hogs closed lower on Monday, pressured by profit-taking following the morning’s cash price drop, traders said. December hogs finished 1.325 cents per pound lower at 63.525 cents, and February ended 0.875 cent lower at 68.225 cents. Some investors sold futures after analysts predicted a 480,000-plus head […] Read more

CHICAGO, Oct 19 (Reuters) – Chicago Mercantile Exchange lean hog futures rose on Thursday, hitting their highest level in two months led by steadily climbing prices for market-ready, or cash, hogs as packers competed for supplies, said traders. December hogs finished 0.500 cent per pound higher at 64.250 cents, and February ended 0.475 cent higher […] Read more

CHICAGO, Oct 12 (Reuters) – Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent gains, pressured by profit-taking following this week’s initial cash prices that fell short of expectations, said traders. To avoid cattle deliveries, some investors sold the October contract either outright or simultaneously bought deferred months in a trading strategy […] Read more

CHICAGO, Oct 4 (Reuters) – Chicago Mercantile Exchange live cattle gained modestly on Wednesday during a trading strategy known as bear spreading in which investors sold October futures and simultaneously bought deferred months. Some market participants used the spreads to avoid possible deliveries on Monday evening against the October contract. Profit-taking and uncertainty about this […] Read more

CHICAGO, Oct 2 (Reuters) – Chicago Mercantile Exchange lean hog futures finished sharply higher on Monday, fueled by bargain buying in the technically oversold market, said traders. They said funds helped accelerate market advances after contracts punched through technical resistance levels. October hogs, which will expire on Oct. 13, ended 1.850 cents per pound higher […] Read more

CHICAGO, Sept 8 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday closed higher for a third day in a row, led by fund buying and investors who covered previously short positions, said traders. December led advances after funds in CME’s livestock markets that track the Standard & Poor’s Goldman Sacks Commodity Index bought […] Read more

CHICAGO, Sept 7 (Reuters) – Chicago Mercantile Exchange live cattle closed higher on Thursday after investors bought October futures and simultaneously sold deferred months in a trading strategy known as bull spreads, traders said. Some market participants, also through spreads, purchased live cattle futures and at the same time sold CME lean hog contracts. There […] Read more

CHICAGO, Sept 6 (Reuters) – Chicago Mercantile Exchange live cattle futures settled moderately higher on Wednesday, with help from short-covering and improved wholesale beef values, said traders. December received added support from fund buying after the contract topped the 10-day moving average of 109.648 cents. October live cattle finished up 0.275 cent per pound at […] Read more

CHICAGO, Aug 30 (Reuters) – Chicago Mercantile Exchange lean hog futures closed higher on Wednesday after bargain buyers and investors covering short positions reversed Tuesday’s slide to an 8-1/2 month low, traders said. Prior to Wednesday’s session CME hogs had a relative strength index (RSI) reading of 17. An RSI below 30 suggests a market […] Read more

CHICAGO, Aug 25 (Reuters) – Chicago Mercantile Exchange live cattle posted modest gains on Friday after investors tweaked positions before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CDT (1900 GMT), traders said. Analysts polled by Reuters expect the report to show 6.2 percent more cattle entered feedlots in July than a […] Read more