Theopolis Waters

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 strongest U.S. consumer confidence since

Chicago Mercantile Exchange live cattle futures closed higher on Friday aided by short-covering ahead of the May 25 to May 27 U.S. Memorial Day holiday weekend, traders and analysts said. CME live cattle gained one per cent for the week despite weaker cash cattle and wholesale beef prices. June cattle ended at 120.575 cents, 1.45

Chicago Mercantile Exchange live cattle futures sagged on Thursday as lower cash cattle prices weighed, analysts and traders said. So far this week, cash cattle in Texas and Kansas traded at $124 per hundredweight (cwt), down $1 from a week ago, said feedlot sources (all figures US$). Packers bought cattle for next week’s slaughter that

Chicago Mercantile Exchange (CME) lean hog futures climbed to a 9-1/2-month high on Wednesday as fund buying lifted nearby trading months beyond a key technical resistance level, said analysts and traders. June and July hogs broke through their respective 100-day moving averages of 92.93 and 92.95 cents per pound, which stirred short-covering (all figures US$).

Chicago Mercantile Exchange live cattle futures on Tuesday closed higher after wholesale beef prices notched another record high fueled by grilling demand and tight supplies, said traders and analysts. Supermarkets are also close to booking fresh beef for the May 25 to May 27 U.S. Memorial Day holiday backyard cookouts. U.S. Department of Agriculture data

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 cent from 1.521 million in

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 in line with trade estimates.

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 values proved solid all week

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 hundredweight (cwt) from Tuesday to

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 was the first of five