Theopolis Waters

Chicago Mercantile Exchange hog futures climbed on Thursday as pork prices remained historically high, traders and analysts said. Thursday morning’s U.S. Department of Agriculture mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at US$110.78 per hundredweight (cwt). The price slipped from Wednesday’s all-time high of $111.33/cwt but stayed above the

Chicago Mercantile Exchange live cattle climbed on Wednesday with help from fund buying, traders and analysts said. CME live cattle August led advances. Spread traders bought August and sold spot-June before it expires on Friday. Spot-June settled up 0.125 cent per pound to 121.275 cents. Most-actively traded August closed 1.05 cents higher at 122.175 cents

Chicago Mercantile Exchange hogs dropped Tuesday as lower cash prices stirred profit-taking, traders and analysts said. They said anticipation of wholesale pork prices about to top out contributed to CME hog futures’ selling. “We’re evolving to where consumers are getting saturated with pork and those prices are inching higher,” EBOTTrading.com senior analyst John Kleist said.

Chicago Mercantile Exchange (CME) hogs gained Monday, driven by futures’ discount to the exchange’s cash hog index which was at US104.23 cents, traders and analysts said. CME July hogs settled up 1.2 cent per pound, to 100.95 cents. It marked a new contract high of 101.8 cents in after-hours trading (all figures US$). August settled

The flow of young cattle into U.S. feedlots dropped by a smaller-than-expected two per cent last month, according to a government report on Friday — a decline that analysts attributed to higher feed costs that discouraged fattening cattle for slaughter. The U.S. Department of Agriculture on Friday reported May placements at 2.049 million head, down

Chicago Mercantile Exchange (CME) live cattle rallied, driven in part by positioning ahead of Friday’s U.S. Department of Agriculture monthly cattle-on-feed report, traders and analysts said. Analysts expect the report to show fewer cattle placed in feedlots in May as feed costs rose and grazing land improved. USDA will simultaneously issue its monthly cold storage

Chicago Mercantile Exchange live cattle futures closed lower on Thursday on selling fueled by the stock market’s sharp drop, which was caused by the U.S. Federal Reserve’s intention to curb its fiscal stimulus, analysts and traders said. Funds and investors with assets in equities also took money out of a wide spectrum of commodity classes

Chicago Mercantile Exchange (CME) live cattle rallied on Wednesday with the rise fuelled by higher CME hogs and Chicago Board of Trade corn futures, traders and analysts said. They said soaring wholesale pork prices may cause grocers to feature more beef for backyard cookouts on the U.S. Independence Day holiday. They added that cattle and

Chicago Mercantile Exchange hog futures rose on Tuesday with U.S. supermarkets buying pork for July 4 holiday demand, traders and analysts said. Tuesday morning’s mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at $105.79 per hundredweight (cwt), up $1.90 from Monday (all figures US$). Tuesday’s pork price was the highest

Chicago Mercantile Exchange (CME) live cattle futures rose on Monday driven in part by a five-year high in weekly U.S. beef exports, traders and analysts said. The turnaround in wholesale beef values on Monday also contributed to futures’ gains, they said. U.S. Department of Agriculture on Monday reported last week’s beef exports at roughly 27,000