Insights and Stories of Theopolis Waters

Mar. 23, 2018 at 5:35 pm CDT

Chicago | Reuters — Ranchers drove 7.3 per cent more cattle into U.S. feedlots in February than a year ago, the U.S. Department of Agriculture reported on Friday, the most for the month in 16 years. Persistent drought in the U.S. Plains withered winter wheat grazing pastures, which forced beef […]

By Theopolis Waters

Feb. 2, 2018 at 7:01 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday finished higher for the second day in a row, with help from fund buying and another wintry blast in parts of the U.S. Plains, said traders. Bitter cold tends to slow cattle weight gains, while hazardous conditions disrupt […]

By Theopolis Waters

Feb. 1, 2018 at 5:45 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday touched a three-month top, spurred by short-covering and fund buying, said traders. April closed up its three-cent-per-pound daily price limit (all figures US$). Investors bought that contract and simultaneously sold February. The limit will expand to 4.5 cents […]

By Theopolis Waters

Jan. 26, 2018 at 8:10 pm CST

Chicago | Reuters — Ranchers sent nearly one per cent more cattle to U.S. feedlots in December than the same time a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped most analysts’ predictions, mainly led by worsening drought in the U.S. southern Plains that shriveled […]

By Theopolis Waters

Jan. 23, 2018 at 4:51 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained after triggering buy stops, spurred by the morning’s wholesale beef price rebound, traders said. Firmer wholesale beef values stirred bull spreads, in which traders bought February futures and simultaneously sold deferred months. February live cattle finished 1.175 […]

By Theopolis Waters