Theopolis Waters

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 showed the average hog price

Aside from spot-June Chicago Mercantile Exchange hog futures, other contracts on Thursday sagged on profit taking following an 11-day winning streak, traders and analysts said. Slipping wholesale pork prices and unprofitable packer operating margins suggest CME hogs are close to topping out in the near term, they said. Thursday afternoon’s mandatory wholesale pork price data,

Chicago Mercantile Exchange hog futures on Wednesday notched their third straight day of hitting a two-year high, with planned U.S. July Fourth holiday cookouts boosting pork prices, traders and analysts said. And, they said, consumers are switching from expensive beef to relatively less-costly pork. Wednesday morning’s mandatory wholesale pork price data, or cutout, calculated on

Chicago Mercantile Exchange hog futures climbed to a two-year high for a second straight day on Tuesday with seasonally tight hog supplies boosting cash prices, traders and analysts said. Sharply higher pork cutout values contributed to futures’ string of nine consecutive winning sessions. The U.S. Department of Agriculture’s Tuesday morning mandatory wholesale pork price data,

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 U.S. Department of Agriculture’s Monday

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 a bottom given futures’ discount

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 fund selling. It closed at

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. “Packers needed cattle for next

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 lower (all figures US$). August