Theopolis Waters

Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday for a seventh straight session, led by lower market-ready, or cash, hog prices, traders said. The morning’s hog price in Iowa/Minnesota fell $2.41 per hundredweight (cwt) from Tuesday to $111.72, according to the U.S. Department of Agriculture (all figures US$). “The trade is

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Tuesday hit an all-time high, supported by firm prices for young calves, or feeder cattle, traders said. Feedlots are paying more for calves after years of drought in parts of the U.S. shrank the herd to a 63-year low. Gains in CME’s live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle finished lower on Monday, pressured by profit-taking that erased Friday’s gains pegged to steady-to-better market-ready or cash cattle prices, traders said. Monday was a day to evaluate this week’s cash cattle sales and subsequent wholesale beef prices, said Archer Financial Services broker Dennis Smith. Last Friday,

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Friday after a choppy session, dragged down by profit-taking that trumped steady-to-higher prices for market-ready or cash cattle, traders said. On Friday, cash cattle in Texas traded at $146 per hundredweight (cwt), up $1 from last week, feedlot sources said. Cash cattle

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Thursday closed at an all-time high, with some contracts up by the three-cent price limit, fueled by costly prices for young calves for fattening, traders said. Prices for light-weight feeder cattle are “on fire,” said Jim Clarkson, a broker with A+A Trading Inc. This

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday closed down more than two per cent, pressured by the recent decline in cash and wholesale pork prices, traders said. Although the morning’s wholesale pork prices inched upward, mixed cash hog returns left traders uneasy about those prices in the near term. “Packers are

Chicago | Reuters — Chicago Mercantile Exchange hogs closed mostly higher on Tuesday, with support from fund buying that helped most contracts beat back early-session losses, traders said. Short-covering contributed to overall CME hog advances. May futures could not overcome their bearish premium to CME’s hog index, at 116.83 cents, and lacklustre demand for market

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures spiked to a record high on Monday, driven by tight supplies of young calves for fattening at feedlots, traders said. Fewer cattle are available now following years of drought in parts of the United States that have forced ranchers to downsize their herds. The U.S.

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed higher, fuelled by their discounts’ to initial cash prices prior to the U.S. Department of Agriculture’s cattle-on-feed report at 2 p.m. CT, traders said. Analysts expect Friday’s report to show the number of cattle placed in feedyards in March increased 0.8 per

Chicago | Reuters — Back-month Chicago Mercantile Exchange feeder cattle futures on Thursday set new contract highs, sparked by weak corn prices that could help ease input costs for feedlots, traders said. Feeder cattle futures drew more support from buying in the neighbouring CME live cattle pit. May feeders gained more ground after breaking through