Theopolis Waters

Chicago Mercantile Exchange (CME) live cattle futures closed lower on Monday as larger-than-expected March feedlot placements in Friday’s U.S. Department of Agriculture monthly cattle-on-feed report prompted selling, said traders and analysts. The government report showed a surprising rise in the number of cattle placed in feedlots as harsh winter weather in February delayed placements until

The number of cattle placed in U.S. feedlots last month rose unexpectedly, a government report showed Friday, after many cattle that were delayed by harsh winter weather in February arrived in feedyards in March. The U.S. Department of Agriculture showed March placements up six per cent from a year earlier to 1.899 million head. The

Chicago Mercantile Exchange (CME) live cattle futures closed mostly weak as traders awaited Friday’s U.S. Department of Agriculture monthly cattle-on-feed report at 2 p.m. CT, said traders and analysts. Analysts expect the data to show the number of cattle placed in feedlots last month fell from a year ago as high-priced corn reduced demand for

Chicago Mercantile Exchange (CME) live cattle futures slumped on Thursday, dragged down by profit-taking amid uneasiness about prices for cattle left to sell in the cash market, traders and analysts said. They also cited weak wholesale beef prices as wet cold weather delays spring grilling. Funds sold after spot-April and most-actively traded June drifted below

Chicago Mercantile Exchange (CME) hog futures hit a 2-1/2 month high on Wednesday, led by short-covering after wholesale pork prices moved upward, analysts and traders said. They said CME hogs punched through key moving average resistance, which touched off fund buying and buy stops. Futures made headway despite the dollar’s rebound and triple-digit U.S. stock

Chicago Mercantile Exchange (CME) live cattle futures on Tuesday reclaimed some ground lost after equities and other commodities recovered from Monday’s selloff, traders and analysts said. The lower dollar, stable gold prices and stock market recovery brought relief to the cattle market, said Dennis Smith, an analyst with Archer Financial Services. CME live cattle’s discount

Chicago Mercantile Exchange (CME) live cattle gained modestly on Friday as futures’ discount to cash prices lured buyers, traders and analysts said. CME live cattle finished almost flat for the week. Short-covering offset early-week market losses led by lower cash cattle and wholesale beef values. Spot April live cattle closed 0.275 cent per pound higher,

Chicago Mercantile Exchange (CME) live cattle futures finished higher Thursday with support from short-covering after Wednesday’s market losses led by lower cash prices, traders and analysts said. CME live cattle’s discount to those cash prices and Wednesday’s market slide to new contract lows attracted speculative buyers. June futures led advances, fueled by bearish spreads that,

Chicago Mercantile Exchange (CME) live cattle futures closed lower on Wednesday, pressured by weak cash cattle prices, traders and analysts said. Cash cattle traded in Texas and Kansas at $127 per hundredweight (cwt), down $1 from a week ago, feedlot sources said (all sources US$). “We held out for $128 but a few guys got