Insights and Stories of Theopolis Waters

U.S. livestock: Profit-taking undercuts CME live cattle futures

Dec. 29, 2015 at 6:05 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged for a second straight session on Tuesday, after participants took profits in the year’s final week of trading, traders said. Spot December and February each closed 0.65 cent/lb. lower, at 130.2 and 135.5 cents respectively (all figures US$). Traders […]

Wintry blast cuts both ways in U.S. cattle country

Dec. 29, 2015 at 12:21 am CST

By Theopolis Waters

U.S. livestock: Profit-taking ends CME live cattle’s win streak

Dec. 28, 2015 at 8:08 pm CST

By Theopolis Waters

U.S. livestock: Strong beef prices lift CME live cattle again

Dec. 24, 2015 at 3:32 pm CST

By Theopolis Waters

U.S. hog herd slowly expands as farmer profit shrinks

Dec. 23, 2015 at 6:20 pm CST

By Theopolis Waters

U.S. livestock: CME live cattle rally for fourth straight session

Dec. 23, 2015 at 6:01 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed for a fourth consecutive session on Wednesday, with December up the three-cent/lb. price limit, as the southern Plains braces for a weekend winter storm that drove cash and wholesale beef prices higher, traders said. Spot December settled limit up […]

By Theopolis Waters

U.S. meat cases awash with Christmas hams at bargain

Dec. 23, 2015 at 1:26 pm CST

Chicago | Reuters –– Shoppers preparing to feast on ham for Christmas can do so without breaking their budget, thanks to record amounts of pork as the industry rebounds from a deadly pig virus, said analysts following the government’s monthly cold storage report on Tuesday. Christmas is the top-ranked holiday […]

By Theopolis Waters

U.S. livestock: CME live cattle surge with cash prices

Dec. 22, 2015 at 2:57 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, following stronger-than-expected cash prices as wintry weather takes aim at the southern U.S. Plains, traders said. Spot December ended 2.2 cents/lb. higher at 125.6 cents, and February was 1.775 cents higher at 131.8 cents (all figures […]

By Theopolis Waters

U.S. livestock: CME live, feeder cattle extend rally

Dec. 21, 2015 at 5:29 pm CST

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Monday ended sharply higher, with the February contract up the expanded 4.5-cent/lb. price limit, on more short-covering following Friday’s bullish government cattle report, traders said. The U.S. Department of Agriculture’s Cattle on Feed report on Friday showed the number […]

By Theopolis Waters

U.S. Nov. feedlot cattle placements slump to record low

Dec. 18, 2015 at 8:48 pm CST

Chicago | Reuters –– Cattle movement into U.S. feedlots in November fell 11 per cent from a year ago to their lowest level since the government began compiling the data in 1996, a U.S. Department of Agriculture report showed on Friday. Analysts attributed last month’s much smaller-than-expected placements to deteriorating […]

By Theopolis Waters