Insights and Stories of Theopolis Waters

U.S. live cattle futures slump on Cargill news

Jan. 17, 2013 at 6:45 pm CST

Chicago Mercantile Exchange (CME) live cattle futures fell hard Thursday on news that Cargill plans to close its beef packing plant in Plainview, Texas, on Feb. 1 due to tight supplies, traders and analysts said. CME live cattle futures at one point fell by their three-cent daily price limit, but […]

Cargill to shut Tex. beef plant as U.S. herd shrinks

Jan. 17, 2013 at 5:42 pm CST

By Christine Stebbins Theopolis Waters

U.S. live cattle futures sink to two-month low

Jan. 16, 2013 at 5:45 pm CST

By Theopolis Waters

U.S. feeder cattle extend losses as corn climbs

Jan. 15, 2013 at 4:23 pm CST

By Theopolis Waters

U.S. hog futures climb as cash expected to rise

Jan. 14, 2013 at 5:56 pm CST

By Theopolis Waters

U.S. feeders see biggest weekly drop in six months

Jan. 11, 2013 at 6:07 pm CST

Chicago Mercantile Exchange (CME) feeder cattle futures slumped on Friday, capping their biggest weekly percent loss in six months, 1.8 per cent, as corn prices surged after U.S. government grain data. The U.S. Department of Agriculture estimated U.S. corn stocks below trade expectations, sending Chicago Board of Trade (CBOT) corn […]

By Theopolis Waters

U.S. live cattle futures steady to weak

Jan. 10, 2013 at 5:30 pm CST

Chicago Mercantile Exchange (CME) live cattle finished steady to weak on Thursday, weighed by futures’ premium to cash cattle prices, traders and analysts said. So far, cash cattle in the U.S. Plains traded at $127 to $128 per hundredweight (cwt), steady to down $1 per from last week, said feedlot […]

By Theopolis Waters

U.S. hog futures see biggest daily drop in three months

Jan. 9, 2013 at 5:34 pm CST

Chicago hog futures dropped more than two per cent on Wednesday for their biggest one-day loss in three months, as negative margins and tepid wholesale pork demand forced packers to cut cash hog bids, traders and analysts said. Chicago Mercantile Exchange (CME) February hogs settled 2.15 cents per pound lower, […]

By Theopolis Waters

U.S. live cattle futures fade amid cash caution

Jan. 8, 2013 at 5:59 pm CST

Chicago live cattle futures closed lower on Tuesday amid concerns this week’s cash cattle prices may be no better than steady at a time when futures hold a sizeable premium to cash, traders and analysts said. Traders are having second thoughts in the wake of disappointing cash cattle prices lately […]

By Theopolis Waters

Uncertainty breeds mixed U.S. live cattle futures

Jan. 7, 2013 at 11:45 pm CST

Chicago live cattle futures settled narrowly mixed on Monday as investors searched for direction, traders and analysts said. Futures were "defensive" and moved in a narrow range amid uncertainty about how cash cattle and beef prices would play out this week, one trader said. Chicago Mercantile Exchange (CME) livestock markets […]

By Theopolis Waters