Insights and Stories of Theopolis Waters

Sep. 10, 2015 at 6:15 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle posted modest losses on Thursday in anticipation of possibly lower prices for market-ready, or cash, cattle on Friday, traders said. Spot-October closed down 0.025 cent/lb. to 142.95 cents, and December 0.375 cent lower at 144.7 (all figures US$). Cash bids in […]

By Theopolis Waters

Sep. 9, 2015 at 4:56 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Wednesday, after profit-taking and cash price uncertainty turned back initial advances, traders said. Spot-October closed 0.5 cent/lb. lower at 142.975 cents, and December dropped 0.7 cent to 145.075 (all figures US$). Packers have not bid for market-ready (cash) […]

By Theopolis Waters

Sep. 8, 2015 at 4:04 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months settled up their three-cent-per-pound daily price limit on Tuesday, partly fuelled by short-covering and futures’ discounts to last week’s cash prices, traders said. October and December live cattle ended at 143.475 and 145.775 cents, respectively (all figures US$). […]

By Theopolis Waters

Sep. 4, 2015 at 4:36 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle slumped on Friday before the Labour Day holiday, due to lower prices for market-ready (cash) cattle, traders said. CME live cattle were further weakened by Wall Street’s tumble on uncertainty whether the Federal Reserve will raise rates by mid-September. October live […]

By Theopolis Waters

Sep. 3, 2015 at 5:42 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished moderately higher on Thursday, at first lifted by short-covering and technical buying that later gave way to initial lower cash prices, traders said. October ended up 0.375 cent/lb. at 141.6 cents, and December 0.55 cent higher at 143.875 cents. Earlier […]

By Theopolis Waters