Insights and Stories of Theopolis Waters

PM Beef to shut Minnesota plant, cites tight cattle supply

Oct. 13, 2015 at 5:47 pm CDT

Reuters — PM Beef will close its southwestern Minnesota beef processing plant on Dec. 11, due to tight cattle supplies, the company said Tuesday. The company announced the Windom plant’s closure to employees and owners during meetings Monday, according to local media. Prices for slaughter cattle last year hit record […]

U.S. livestock: CME live cattle finish mostly weak

Oct. 13, 2015 at 4:11 pm CDT

By Theopolis Waters

U.S. livestock: CME live cattle move up with beef quotes

Oct. 12, 2015 at 3:45 pm CDT

By Theopolis Waters

U.S. livestock: CME live cattle mixed on better-than-expected cash prices

Oct. 9, 2015 at 6:49 pm CDT

By Theopolis Waters

U.S. livestock: Bump in beef price extends CME live cattle gains

Oct. 8, 2015 at 5:51 pm CDT

By Theopolis Waters

Volatility prompts CME to raise live cattle margins

Oct. 8, 2015 at 5:45 pm CDT

Chicago | Reuters — CME Group, the world’s largest livestock futures market operator, has raised margin rates for live cattle futures for the second week in a row after dramatic swings in the market, an exchange spokesman told Reuters on Thursday. Late on Wednesday the Chicago Mercantile Exchange raised its […]

By Theopolis Waters

U.S. livestock: Short-covering drives CME live cattle higher

Oct. 7, 2015 at 2:58 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So […]

By Theopolis Waters

U.S. livestock: CME live cattle limit up on beef bounce

Oct. 6, 2015 at 3:23 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading […]

By Theopolis Waters

U.S. livestock: Sagging beef prices drag on CME live cattle

Oct. 5, 2015 at 6:48 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle resumed their recent downtrend on Monday after the seasonal drop in wholesale beef values trimmed last Friday’s futures gains, traders said. Spot-October settled down 0.95 cent, to 122.125 cents/lb,, and December 1.15 cents lower at 130.225 cents (all figures US$). Monday […]

By Theopolis Waters

U.S. livestock: CME live cattle snap four-day losing streak

Oct. 2, 2015 at 4:36 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished the week on a positive note, fueled by short-covering and bargain hunting that halted future’s four-day skid, traders said. Spot-October settled 1.675 cents higher at 123.075 cents/lb., and December 1.375 cents higher at 131.375 cents (all figures US$). CME live […]

By Theopolis Waters