Insights and Stories of Theopolis Waters

Apr. 6, 2016 at 4:32 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday reversed some of Tuesday’s heavy losses, helped by short-covering and bargain hunting, traders said. April live cattle ended 1.4 cents/lb. higher at 132.075 cents, and June closed 1.1 cents higher at 121.85 (all figures US$). Futures’ price discount […]

By Theopolis Waters

Mar. 31, 2016 at 3:26 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents/lb. maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. […]

By Theopolis Waters

Mar. 30, 2016 at 4:17 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said. April live cattle ended 2.5 cents/lb. lower at 132.35 cents, and June closed 2.45 cents lower at 123.075 (all […]

By Theopolis Waters

Mar. 29, 2016 at 4:39 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second straight day on Tuesday in a quiet session, with help from short-covering and technical buying, traders said. April closed up 0.325 cent/lb., to 70.25 cents (all figures US$). May ended 0.575 cent higher at 78.85 cents […]

By Theopolis Waters

Mar. 28, 2016 at 6:05 pm CDT

Reuters — The U.S. hog herd in the December-February quarter modestly grew from a year earlier to a record high for that quarter, according to Friday’s U.S. Department of Agriculture quarterly hog report. Farmers cautiously added to herds while shoring up their bottom lines following the surge in hog numbers […]

By Theopolis Waters