Insights and Stories of Theopolis Waters

Aug. 10, 2017 at 4:22 pm CDT

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell for a fourth straight session on Thursday, dragged down by growing worries about hefty near-term supplies, traders said. “We’ve got more numbers (cattle) out here and more numbers coming, and that’s just a Damocles sword over this market,” said Top Third […]

By Theopolis Waters

Aug. 9, 2017 at 3:26 pm CDT

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures tumbled to the lowest level in eight months, led by fund liquidation and weaker-than-expected prices for cattle ready for processing, traders said. August ended 2.475 cents per pound lower at 110.000 cents, and October closed 2.550 cents lower at 108.050 cents. Packers […]

By Theopolis Waters

Aug. 8, 2017 at 3:59 pm CDT

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures were weakened on Tuesday by uncertainty over how much packers will pay for cattle this week and whether the seasonal lull in wholesale beef demand has ended, traders said. Futures remained at a steep discount, or undervalued, compared with this week’s expected […]

By Theopolis Waters

Aug. 4, 2017 at 3:34 pm CDT

Chicago/Reuters – Chicago Mercantile Exchange lean hogs settled higher on Friday, with buyers attracted to futures that remained undervalued compared to prices paid by packers for market-ready, or cash, hogs, traders said. CME’s hog index, a barometer for cash prices, for Aug. 2 was 87.11 per cwt. Bargain buying after […]

By Theopolis Waters

Aug. 4, 2017 at 8:58 am CDT

Chicago/Reuters – Burgers made from plants instead of animals are capturing more space on U.S. barbecue grills this summer, fueling sales in the niche products that could reach $5 billion globally by 2020. Plant-based meat foods are now available that include beet juice for color and canola oil to simulate […]

By Theopolis Waters