Insights and Stories of Theopolis Waters

U.S. livestock: Profit-taking weakens CME live cattle

Dec. 24, 2013 at 2:27 pm CST

Chicago Mercantile Exchange live cattle futures posted modest losses on Tuesday as investors pocketed profits before the Christmas holiday, traders said. December live cattle futures finished 0.35 cent per pound lower at 132.35 cents, and February ended down 0.225 cent at 133.725 cents (all figures US$). December felt added pressure […]

U.S. livestock: USDA report extends CME live cattle gains

Dec. 23, 2013 at 6:40 pm CST

By Theopolis Waters

U.S. livestock: CME live cattle rise before USDA report

Dec. 20, 2013 at 4:03 pm CST

By Theopolis Waters

U.S. livestock: Lower cash prices pressure CME live cattle

Dec. 18, 2013 at 7:35 pm CST

By Theopolis Waters

U.S. livestock: CME hogs slide on weak cash price expectations

Dec. 17, 2013 at 6:16 pm CST

By Theopolis Waters

U.S. livestock: Beef quotes send CME live cattle higher

Dec. 16, 2013 at 6:24 pm CST

Chicago Mercantile Exchange live cattle futures snapped back from morning lows on Monday, helped by short-covering in response to the turnaround in wholesale beef prices, traders said. The morning wholesale choice beef price jumped $1.23 from Friday to $200.12 per hundredweight (cwt). Select items gained $1.10, to $188.11, based on […]

By Theopolis Waters

U.S. livestock: Lower cash prices drop CME live cattle futures

Dec. 13, 2013 at 5:44 pm CST

Chicago Mercantile Exchange live cattle on Friday settled lower as weaker-than-expected cash prices and sluggish wholesale beef demand weighed, traders said. Cash cattle in Texas and Kansas traded at $131 per hundredweight (cwt), down $1 from a week ago, according to feedlot sources (all figures US$). Friday afternoon’s wholesale choice […]

By Theopolis Waters

U.S. livestock: Feeder cattle futures hit two-month high

Dec. 13, 2013 at 5:14 am CST

Chicago Mercantile Exchange’s feeder cattle futures climbed to a two-month high on Thursday as corn prices slumped amid ethanol mandate worries, traders and analysts said. January feeder cattle ended 1.4 cents per pound higher at 167.075 cents, and March closed at 166.55 cents, up 1.05 cents (all figures US$). Chicago […]

By Theopolis Waters

U.S. livestock: Beef quotes weaken live cattle futures

Dec. 6, 2013 at 6:23 pm CST

Chicago Mercantile Exchange live cattle futures on Friday posted modest losses, weighed by weaker wholesale beef values and steady to lower cash cattle returns, traders and analysts said. Friday morning’s wholesale choice beef price slipped 39 cents per hundredweight (cwt) from Thursday to $202.02, and select dropped $1.94 to $187.68, […]

By Theopolis Waters

Pricey calves threaten U.S. feedlots’ return to profitability

Nov. 26, 2013 at 6:50 pm CST

A sharp drop in feed corn prices caused by the huge U.S. harvest last month has put the nation’s cattle feedlots in the black for the first time in more than two years. But analysts warn those profits could soon disappear as the prices they pay for scarce lightweight calves […]

By Theopolis Waters