Insights and Stories of Theopolis Waters

U.S. live cattle prices gain on futures’ discount to cash

May. 28, 2013 at 5:07 pm CDT

Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures’ discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick in wholesale beef prices and U.S. stocks’ steep climb fueled by strong economic data. The stock market gains reflect the […]

Short-covering rallies U.S. live cattle before holiday

May. 24, 2013 at 4:23 pm CDT

By Theopolis Waters

Lower cash prices drag down U.S. live cattle futures

May. 23, 2013 at 6:04 pm CDT

By Theopolis Waters

Fund buying lifts U.S. hog futures to 9-1/2-month high

May. 22, 2013 at 4:34 pm CDT

By Theopolis Waters

U.S. live cattle jump with new beef price record

May. 21, 2013 at 4:39 pm CDT

By Theopolis Waters

U.S. cattle placements rise in April as feed costs subside

May. 18, 2013 at 11:11 am CDT

The number of cattle placed in U.S. feedlots last month was up 15 per cent from a year earlier, a government report showed Friday, and analysts said reduced feed costs encouraged fattening cattle for slaughter. The U.S. Department of Agriculture reported April placements at 1.75 million head, up 15 per […]

By Theopolis Waters

U.S. live cattle futures sag ahead of USDA report

May. 18, 2013 at 10:42 am CDT

Chicago Mercantile Exchange live cattle futures closed lower on Friday as traders adjusted positions ahead of the U.S. Department of Agriculture monthly cattle-on-feed report that was released after the futures closed, analysts and traders said. Analysts called the report neutral for futures on Monday as its supply numbers were nearly […]

By Theopolis Waters

U.S. hog futures climb with rising pork prices

May. 16, 2013 at 4:05 pm CDT

Chicago Mercantile Exchange hog futures closed higher on Thursday, lifted by strong wholesale pork values in tight seasonal supplies, analysts and traders said. CME June hogs settled up 0.95 cent to 92.875 cents per pound while July closed at 92.55 cents, or 0.7 cent higher (all figures US$). Wholesale pork […]

By Theopolis Waters

U.S. live cattle futures fall despite record beef prices

May. 8, 2013 at 5:00 pm CDT

Chicago Mercantile Exchange (CME) live cattle futures on Wednesday fell for a fourth straight session as lower cash cattle prices weighed on the market despite record-high beef values, traders and analysts said. U.S. Department of Agriculture data showed wholesale price of choice beef, or cutout, on Wednesday jumped $3.48 per […]

By Theopolis Waters

Most U.S. hog futures gain as funds roll positions

May. 7, 2013 at 4:33 pm CDT

Chicago Mercantile Exchange (CME) hog futures settled mostly firm on Tuesday as funds sold the spot-June contract and bought deferred months as dictated by the Goldman Sachs Commodity Index roll. Funds that follow Standard + Poor’s Goldman Sachs Commodity Index shifted their June long positions into July and August. Tuesday […]

By Theopolis Waters