Insights and Stories of Theopolis Waters

CME hogs climb on futures’ discount to cash prices

Aug. 14, 2013 at 6:54 pm CDT

Chicago Mercantile Exchange hogs rose for a third consecutive session, driven by futures’ discount to cash hog prices, traders and analysts said. CME spot-August hogs followed the exchange’s hog index at 102.23 cents into the spot-month expiration at noon CT. The contract closed at 102.425 cents per pound, or up […]

Cash optimism lifts U.S. live cattle to six-month high

Aug. 13, 2013 at 11:59 pm CDT

By Theopolis Waters

CME live cattle futures rally with cash, beef prices

Aug. 12, 2013 at 3:08 pm CDT

By Theopolis Waters

Tyson takes lead with Zilmax ban, higher beef prices may follow

Aug. 9, 2013 at 5:16 pm CDT

By Theopolis Waters

U.S. live cattle futures slip on profit-taking

Aug. 9, 2013 at 5:03 pm CDT

By Theopolis Waters

Tyson ban drives Chicago cattle futures to three-month high

Aug. 8, 2013 at 5:15 pm CDT

Chicago Mercantile Exchange live cattle futures on Thursday hit a three-month high fueled by speculation that beef prices could rise after Tyson Foods said it would no longer buy cattle given the feed additive Zilmax. In a letter, Tyson Foods, the country’s largest meat processor, notified all feedlot operators it […]

By Theopolis Waters

Tyson to suspend buying cattle fed Zilmax

Aug. 8, 2013 at 1:23 pm CDT

Tyson Foods, the largest U.S. meat processor, said it would suspend purchases of cattle fed the growth enhancer Zilmax, saying it was worried about cases of cattle with difficulty walking although it did not know the specific cause of problem. Rumours of Tyson’s action sparked a sharp rally in Chicago […]

By Theopolis Waters

CME hog futures slump amid profit-taking

Aug. 7, 2013 at 5:14 pm CDT

Chicago Mercantile Exchange hog futures settled lower on Wednesday as traders took profits in anticipation of cash hog and wholesale prices peaking soon, traders and analysts said. Spot August hogs finished nearly in line with CME’s lean hog index, which was at 100.71 cents. The spot month eased from a […]

By Theopolis Waters

Higher cash hog, pork prices lift CME hog futures

Aug. 6, 2013 at 6:33 pm CDT

Chicago Mercantile Exchange hog futures on Tuesday rose for the fifth straight session helped by higher prices for cash hogs and wholesale pork, traders and analysts said. U.S. Department of Agriculture data showed the average hog price Tuesday afternoon at the closely-watched Iowa/Minnesota market at $100.61 per hundredweight (cwt), up […]

By Theopolis Waters

LIVESTOCK: U.S. hog futures jump with pork prices

Aug. 2, 2013 at 4:49 pm CDT

Chicago Mercantile Exchange hogs closed higher on Friday as strong pork prices lifted futures for a third straight session, traders and analysts said. Friday morning’s USDA mandatory wholesale pork price report, or cutout, was $103.67 per hundredweight (cwt). The price surged $2.89 from Thursday to its highest since $104.86 on […]

By Theopolis Waters