Insights and Stories of Theopolis Waters

U.S. livestock: Bargain buying rallies CME lean hogs

Oct. 3, 2016 at 6:12 pm CDT

Chicago | Reuters — Most Chicago Mercantile Exchange lean hog contracts ended sharply higher on Monday, fueled by bargain buying following futures’ plunge by their three-cent/lb. price limit on Friday, said traders. October, which will expire on Oct. 14, closed down 0.1 cent/lb. at 48.925 cents (all figures US$). Most-actively […]

September record-large U.S. hog herd topped expectations

Sep. 30, 2016 at 5:24 pm CDT

By Theopolis Waters

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

Sep. 27, 2016 at 5:02 pm CDT

By Theopolis Waters

U.S. livestock: Lower cash prices send CME live cattle lower

Sep. 26, 2016 at 3:05 pm CDT

By Theopolis Waters

U.S. livestock: Strong cash prices push CME live cattle higher

Sep. 16, 2016 at 5:40 pm CDT

By Theopolis Waters

U.S. livestock: Bargain-buying lifts CME lean hogs

Sep. 15, 2016 at 3:41 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Thursday settled moderately higher on bargain buying after supply worries sank futures to a 10-month low for a second day in a row, traders said. October closed up 0.225 cent/lb. to 55.15 cents, and December ended 0.35 cent higher at […]

By Theopolis Waters

U.S. livestock: Hefty supplies push CME lean hogs to 10-month low

Sep. 14, 2016 at 3:33 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday sank to a 10-month bottom, and forged new contract lows, as abundant heavier animals continued to drag down cash prices, traders said. October closed 1.825 cents/lb. lower at 54.925 cents and posted a fresh contract low of 54.7 cents […]

By Theopolis Waters

U.S. livestock: Supplies drop CME lean hogs third straight session

Sep. 13, 2016 at 3:55 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday posted losses for a third straight session as plentiful supplies pressured cash prices, traders said. They said liquidation in other commodities led by the U.S. stock market selloff further weighed on CME lean hogs. October closed 2.675 cents/lb. lower […]

By Theopolis Waters

U.S. livestock: CME live cattle gain again, hogs drift lower

Sep. 12, 2016 at 4:06 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday rose for a second straight session, helped by more short-covering and technical buying after some contracts punched through technical resistance levels, traders said. October live cattle ended 1.3 cents/lb. higher at 105.7 cents (all figures US$). December closed […]

By Theopolis Waters

Slumping U.S. meat prices help feed appetite for jerky

Sep. 9, 2016 at 5:54 pm CDT

Chicago | Reuters — With prices for U.S. livestock on the decline due to larger cattle and hog herds, meat processors are jumping on the jerky bandwagon. In recent years, dried-meat snacks have gained popularity as Americans embrace diets packed with protein and less sugar and fat. Jerky has overcome […]

By Theopolis Waters