Theopolis Waters

CHICAGO, Aug 9 (Reuters) – Chicago Mercantile Exchange live cattle futures tumbled  to the lowest level in eight months, led by fund liquidation and weaker-than-expected prices for cattle ready for processing, traders said. August ended 2.475 cents per pound lower at 110.000 cents, and October closed 2.550 cents lower at 108.050 cents. Packers in the […] Read more

CHICAGO, Aug 8 (Reuters) – Chicago Mercantile Exchange live cattle futures were weakened on Tuesday by uncertainty over how much packers will pay for cattle this week and whether the seasonal lull in wholesale beef demand has ended, traders said. Futures remained at a steep discount, or undervalued, compared with this week’s expected prices for […] Read more

CHICAGO, Aug 4 (Reuters) – Chicago Mercantile Exchange lean hogs settled higher on Friday, with buyers attracted to futures that remained undervalued compared to prices paid by packers for market-ready, or cash, hogs, traders said. CME’s hog index, a barometer for cash prices, for Aug. 2 was 87.11 per cwt. Bargain buying after recent losses […] Read more

CHICAGO, Aug 2 (Reuters) – Chicago Mercantile Exchange live cattle futures climbed higher on Wednesday, driven by short-covering and futures’ discounts to early-week cash prices, traders said. Buy stops and fund buying enhanced market advances, they said. August ended 1.725 cent per pound higher at 114.525 cents per pound, and October 1.800 cents higher at […] Read more

CHICAGO, July 31 (Reuters) – Last Friday’s selling of Chicago Mercantile Exchange live cattle contracts carried over into Monday, led by sell-stops and position squaring on the last trading session of the month, traders and analysts said. Some investors sold August futures and simultaneously bought deferred contracts while cautiously awaiting this week’s cash prices. August […] Read more

CHICAGO, July 21 (Reuters) – Chicago Mercantile Exchange live cattle futures finished firmer on Friday, led by higher cash prices than earlier this week, traders said. Technical buying and futures’ discounts to cash returns provided more market support. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle On Feed report on Friday at 2 […] Read more

CHICAGO, June 28 (Reuters) – Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.650 cent per […] Read more

CHICAGO, June 27 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its 3.000-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. […] Read more