Insights and Stories of Theopolis Waters

Aug. 23, 2017 at 3:53 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday hit a nine-month low for the fourth time in the past five sessions, led by seasonally soft wholesale beef demand and lower initial cash prices, said traders. Fund liquidation contributed to declines after deferred contracts slipped below key […]

By Theopolis Waters

Aug. 22, 2017 at 5:26 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled higher for the first time in five sessions, spurred by short-covering and bargain buying, said traders. Some contracts punched through key technical resistance barriers, which triggered fund buying and pre-established buy orders. August ended 0.725 cent/lb. higher […]

By Theopolis Waters

Aug. 21, 2017 at 4:57 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased to their lowest level in nine months on Monday as the seasonal supply build-up pressured wholesale beef prices for a third consecutive session, traders said. They said bullish traders worried that plentiful cattle numbers might again result in lower […]

By Theopolis Waters

Aug. 18, 2017 at 7:40 pm CDT

Reuters — Hundreds of livestock ranchers in the drought-stricken U.S. northern Plains are embracing what organizers say is the first lottery designed to provide some much-needed relief to their operations. The prize? Tons and tons of hay. Ranchers in North Dakota, South Dakota and Montana have been suffering through the […]

By Theopolis Waters

Aug. 18, 2017 at 4:06 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures pared losses on Friday after falling to their lowest level in nine months, led by this week’s steep cash price drop and seasonally downward-trending wholesale beef values, said traders. Bargain buying and traders covering their short positions lifted contracts from […]

By Theopolis Waters