Insights and Stories of Theopolis Waters

LIVESTOCK: Cheaper corn hits U.S. live cattle futures

Aug. 1, 2013 at 4:27 pm CDT

Chicago Mercantile Exchange live cattle slumped on Thursday as eroding corn prices stirred selling that trumped initial speculative buying, traders and analysts said. “Usually when you have back-month futures higher than the front contract, the thing that will hurt the most is if corn gets cheaper,” KIS Futures vice-president Lane […]

LIVESTOCK: U.S. hog futures lifted by higher cash hog, pork prices

Jul. 31, 2013 at 2:32 pm CDT

By Theopolis Waters

LIVESTOCK: Lower cash prices sink U.S. hog futures

Jul. 30, 2013 at 4:25 pm CDT

By Theopolis Waters

LIVESTOCK: U.S. live cattle futures up with seasonal cash hopes

Jul. 29, 2013 at 2:43 pm CDT

By Theopolis Waters

LIVESTOCK: U.S. hog futures drop in anticipation of lower cash

Jul. 25, 2013 at 4:00 pm CDT

By Theopolis Waters

LIVESTOCK-climbing pork prices pull up U.S. hog futures

Jul. 23, 2013 at 2:27 pm CDT

Chicago Mercantile Exchange hog futures rose on Tuesday in response to sharply higher wholesale pork prices, traders and analysts said. The U.S. Department of Agriculture’s Tuesday morning mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at $102.02 per hundredweight (cwt). The price jumped $2.73 from […]

By Theopolis Waters

Ebbing beef prices pare early U.S. cattle futures gains

Jul. 22, 2013 at 4:10 pm CDT

Chicago Mercantile Exchange live cattle on Monday sagged with lower wholesale beef prices, said analysts and traders. The U.S. Department of Agriculture on Monday afternoon quoted the wholesale price of choice beef at $188.98 per hundredweight (cwt), which was down 24 cents from Friday. Select cuts fell 97 cents to […]

By Theopolis Waters

U.S. cattle futures sag before USDA report

Jul. 19, 2013 at 3:52 pm CDT

Chicago Mercantile Exchange live cattle sagged Friday as investors awaited the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday at 2 p.m. CDT. Analysts expect the data to show cattle placements last month fell as abundant grazing pastures kept animals out of feedyards longer. USDA’s monthly cold storage report […]

By Theopolis Waters

LIVESTOCK-Fund buying boosts u.s. cattle futures

Jul. 18, 2013 at 4:38 pm CDT

Chicago Mercantile Exchange live cattle climbed Thursday on fund buying after futures broke through key technical resistance levels, traders and analysts said. August live cattle finished at 122.100 cents, or0.800 cent per lb higher. It ended above where the 20-day and 100-day moving average converged at 121.883 cents. October closed […]

By Theopolis Waters

Livestock – U.S. cattle futures wilt with beef demand

Jul. 17, 2013 at 4:52 pm CDT

Chicago Mercantile Exchange live cattle futures fell on Wednesday as wholesale beef prices slumped amid scorching heat in parts of the country, traders and analysts said. “Conditions like these don’t typically encourage heavy high protein meals which will likely produce negative impact on animal protein consumption,” Hales Trading Co President […]

By Theopolis Waters