Insights and Stories of Theopolis Waters

U.S. livestock: Hogs extend rally, cattle snap winning streak

Oct. 25, 2016 at 4:17 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders. Fund buying developed after December and February futures opened above their respective 20-day […]

U.S. livestock: Live cattle rally to three-week high

Oct. 24, 2016 at 4:45 pm CDT

By Theopolis Waters

U.S. livestock: Hog futures stumble as supplies grow

Oct. 18, 2016 at 5:31 pm CDT

By Theopolis Waters

U.S. livestock: Weak cash prices extend live cattle losses

Oct. 12, 2016 at 5:22 pm CDT

By Theopolis Waters

U.S. livestock: CME live cattle slump limit down

Oct. 10, 2016 at 5:34 pm CDT

By Theopolis Waters

U.S. livestock: CME live cattle close weak

Oct. 7, 2016 at 5:27 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished weaker on Friday on weekend positioning after traders sold nearby contracts and bought deferred months in a strategy known as bear spreading, said traders. October ended down 0.55 cent/lb. lower at 101.875 cents, and December down 0.05 cent, to […]

By Theopolis Waters

Smithfield to shutter major hog plant against Matthew

Oct. 7, 2016 at 2:50 pm CDT

Chicago | Reuters — Smithfield Foods will shutter its hog processing facility, the world’s largest, on Saturday to protect employees in North Carolina from Hurricane Matthew, industry sources said on Friday, as farmers braced for the storm’s potential lashing. Matthew has fueled concerns about the safety of livestock and farm […]

By Theopolis Waters Tom Polansek

U.S. livestock: CME lean hogs rebound on bargain buying

Oct. 6, 2016 at 5:03 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed higher on Thursday on short-covering and bargain buying after futures tumbled to a seven-year low on Wednesday, traders said. CME October lean hogs, which will expire on Oct. 14, led advances due to a discount to the exchange’s hog index […]

By Theopolis Waters

U.S. livestock: Burdensome supplies slam lean hog futures

Oct. 5, 2016 at 5:46 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply on Wednesday, with some contracts posting new lows, led by profit-taking and seasonally rising hog numbers, traders said. Cooler fall temperatures in the Midwest and highly-nutritious new-crop corn are causing pigs to grow faster. The U.S. Department of […]

By Theopolis Waters

U.S. livestock: Live cattle post biggest daily percentage gain in a year

Oct. 4, 2016 at 5:35 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures surged about three per cent on Tuesday to their best one-day performance since October 2015, sparked by short-covering and technical buying, said traders. Prior to Tuesday’s open, CME live cattle contracts displayed a Relative Strength Index (RSI) of 27. A […]

By Theopolis Waters