Insights and Stories of Theopolis Waters

Jan. 15, 2014 at 8:54 pm CST

Chicago Mercantile Exchange live cattle futures on Wednesday reached an all-time high, led by record-breaking prices for slaughter-ready cattle and beef at wholesale, traders said. Wednesday afternoon’s wholesale choice beef price was $224.62 per hundredweight (cwt), which jumped $3.58 from Tuesday to its fifth successive record, according to U.S. Department […]

By Theopolis Waters

Jan. 14, 2014 at 6:09 pm CST

Chicago Mercantile Exchange live cattle futures on Tuesday rose to an all-time, fueled by persistent record-high wholesale beef prices that ignited short-covering, traders said. The morning’s wholesale choice beef price, or cutout, was $219.97 per hundredweight (cwt) in light volume. That price surged $3.03 from Monday to its fourth consecutive […]

By Theopolis Waters

Jan. 13, 2014 at 5:32 pm CST

Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday as funds sold, or rolled, the February contract and mainly bought the April month, traders said. That shift by CME live cattle and hog fund investors was made in conjunction with the monthly process known as the “roll” by […]

By Theopolis Waters

Jan. 10, 2014 at 7:53 pm CST

Chicago Mercantile Exchange live cattle futures gained moderately on Friday, and posted advances for a fifth straight week, as cash and wholesale beef prices again set new highs, traders said. On Friday, cash cattle in the U.S. Plains traded at $139 to $140 per hundredweight (cwt), topping last week’s record […]

By Theopolis Waters

Jan. 9, 2014 at 8:06 pm CST

Chicago Mercantile Exchange live cattle futures settled mixed on Thursday, drawing support from record-high beef prices as profit-taking weighed, traders said. February live cattle closed up 0.025 cent per pound at 136.55 cents, and April finished down 0.1 cent at 136.875 cents (all figures US$). “Had it not been for […]

By Theopolis Waters