Insights and Stories of Theopolis Waters

U.S. hog futures drop despite rising cash, pork prices

Jun. 14, 2013 at 6:33 pm CDT

Aside from spot-June Chicago Mercantile Exchange hog futures, remaining contracts fell on profit taking, traders and analysts reported Friday. Most hog contracts slid despite higher cash hog and wholesale pork prices. “Packers couldn’t seem to get enough hogs around them because of seasonally tighter-than-expected supplies,” a trader said. Government data […]

Profit-taking weakens most U.S. hog futures

Jun. 13, 2013 at 5:55 pm CDT

By Theopolis Waters

U.S. hog futures climb with pork prices

Jun. 12, 2013 at 8:02 pm CDT

By Theopolis Waters

U.S. hogs again notch two-year high on tight supplies

Jun. 11, 2013 at 5:03 pm CDT

By Theopolis Waters

U.S. hogs again notch two-year high on tight supplies

Jun. 11, 2013 at 4:59 pm CDT

By Theopolis Waters

China pork-buying rumour pushes U.S. hogs to two-year high

Jun. 10, 2013 at 4:15 pm CDT

Chicago Mercantile Exchange hog futures spiked to a two-year high on Monday as rumours that China is shopping for U.S. pork ignited short-covering, traders and analysts said. With grocers gearing up for U.S. Father’s Day cookouts, solid wholesale pork prices helped extend futures’ advances for an eighth straight day. The […]

By Theopolis Waters

U.S. live cattle futures turn up as funds buy

Jun. 4, 2013 at 3:27 pm CDT

Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after fund buying helped them reclaim some of Monday’s losses, traders and analysts said. Speculative buyers were drawn to futures’ continued discount to last week’s cash cattle prices. “It looks to me like the market is trying to put in […]

By Theopolis Waters

U.S. live cattle futures slump in fund selloff

Jun. 4, 2013 at 2:24 am CDT

Chicago Mercantile Exchange live cattle slumped on Monday, pressured by fund liquidation and lower corn prices, analysts and traders said. Cheaper corn could prompt livestock producers to feed more cattle and hogs and to heavier weights. CME live cattle June finished below the 40-day moving average of 121.023 cents, triggering […]

By Theopolis Waters

U.S. live cattle futures rebound with cash prices

May. 31, 2013 at 5:09 pm CDT

Chicago Mercantile Exchange live cattle futures closed higher on Friday as steady cash prices helped futures recover from Thursday’s sell-off, traders and analysts said. Cash cattle in the U.S. Plains traded at $124 to $125 per hundredweight (cwt) on Friday, which was mostly steady with last week, said feedlot sources. […]

By Theopolis Waters

U.S. live cattle futures slump in fund selloff

May. 30, 2013 at 4:19 pm CDT

Chicago Mercantile Exchange (CME) live cattle slumped on Thursday as futures fell below technical support, triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving averages of 121.069 and 120.643 cents. It closed at 120.35 cents, or 1.025 cent per pound […]

By Theopolis Waters