Insights and Stories of Theopolis Waters

Oct. 19, 2017 at 6:00 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Thursday, hitting their highest level in two months led by steadily climbing prices for market-ready, or cash, hogs as packers competed for supplies, said traders. December hogs finished 0.5 cent/lb. higher at 64.250 cents, and February ended 0.475 […]

By Theopolis Waters

Oct. 18, 2017 at 6:58 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday shrugged off some of Tuesday’s declines, helped by short-covering and rising prices for slaughter-ready, or cash, hogs, said traders. December futures led advances after investors bought that contract and simultaneously sold deferred months in a trading strategy known as […]

By Theopolis Waters

Oct. 17, 2017 at 6:06 pm CDT

Chicago | Reuters — The U.S. Department of Agriculture (USDA) in a filing on Tuesday said it will dismantle Obama-era rules for buying and selling livestock, a move that has divided the U.S. meat industry. U.S. Agriculture Secretary Sonny Perdue withdrew an interim final rule and a proposed regulation of […]

By Theopolis Waters

Oct. 13, 2017 at 5:18 pm CDT

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in modestly bearish territory on Friday amid pre-weekend consolidation after investors digested this week’s cash prices, said traders. “The market is priced right with this week’s cash. We’ll wait until next week to see if packers are short […]

By Theopolis Waters

Oct. 12, 2017 at 6:40 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent gains, pressured by profit-taking following this week’s initial cash prices that fell short of expectations, said traders. To avoid cattle deliveries, some investors sold the October contract either outright or simultaneously bought deferred months […]

By Theopolis Waters