Insights and Stories of Theopolis Waters

Aug. 20, 2013 at 5:55 pm CDT

Chicago Mercantile Exchange live cattle futures gained modestly on Tuesday in anticipation of higher cash prices this week, traders and analysts said. Spot August live cattle ended up 0.2 cent at 123.85 cents per pound. Most-actively traded October closed up 0.075 cent, at 128.15 cents (all figures US$). No cash […]

By Theopolis Waters

Aug. 19, 2013 at 4:28 pm CDT

Chicago Mercantile Exchange deferred live cattle futures rose on Monday in reaction to ideas the surge in corn prices will slow cattle production, traders and analysts said. CME live cattle and hog traders bought deferred months with the view that livestock producers may feed fewer cattle and hogs and fatten […]

By Theopolis Waters

Aug. 16, 2013 at 5:11 pm CDT

Chicago Mercantile Exchange live cattle futures on Friday settled mixed after a choppy session. August live cattle futures closed up 0.2 cent at 123.9 cents per pound and October settled at 127.925 cents, off 0.175 cent (all figures US$). Rising wholesale beef prices and higher cash cattle prices encouraged CME […]

By Theopolis Waters

Aug. 16, 2013 at 4:50 pm CDT

U.S. drugmaker Merck and Co. said on Friday it is temporarily suspending sales of its Zilmax animal feed additive in the U.S. and Canada following concerns about use of the product, which is given to cattle to increase their weight before slaughter. Zilmax has been the focus of attention in […]

By Theopolis Waters, Tom Polansek

Aug. 15, 2013 at 4:28 pm CDT

Chicago Mercantile Exchange hogs Thursday slumped to a four-month low on profit taking following lower cash hog and wholesale pork prices, traders and analysts said. The wide disparity between the new lead-month October contract and the spot August trading month, which expired on Wednesday at 102.425 cents, played a role […]

By Theopolis Waters