Theopolis Waters

Chicago Mercantile Exchange live cattle futures finished lower on Monday on expectations that wholesale beef prices will soon set a seasonal high, traders and analysts said. They said prospects for weaker wholesale beef prices and more cattle available for sale dampened optimism for higher cash cattle prices. CME June and August live cattle drifted below

Chicago Mercantile Exchange live cattle futures turned sharply lower on Friday pulled down by fund liquidation, traders and analysts said. They said futures felt more pressure from profit-taking after recent market advances. “Profit-taking got the ball rolling during the quiet session, then funds chimed in after we fell through moving averages,” a trader said. CME

Chicago Mercantile Exchange live cattle futures moved higher on Thursday as wholesale beef prices approached an all-time high, fueled by growing grilling demand, said analysts and traders. The wholesale price of choice beef, or cutout, Thursday morning rose 81 cents per hundredweight (cwt) to $200.30/cwt (all figures US$). It is the highest since $200.65 on

Aside from the April contract, Chicago Mercantile Exchange (CME) live cattle futures slumped Tuesday on late-session fund liquidation, traders and analysts said. Futures losses mounted as investors took profits on the last trading day of the month. Live cattle at the CME were poised to finish down less than one per cent for the month.

Chicago Mercantile Exchange (CME) hog futures closed lower on Monday on profit taking amid uneasiness about near-term cash price direction, traders and analysts said. They said some investors reduced long positions on the eve of the final trading day of the month of April while waiting to see what May brings. CME hogs’ “rich” premium

Chicago Mercantile Exchange (CME) live cattle futures settled mostly lower on Friday, pressured by profit taking after recent advances, analysts and traders said. The thinly traded April cattle contract held the lone gain due to higher cash cattle prices. The contract is to expire on April 30. CME live cattle finished up 1.1 per cent

Chicago Mercantile Exchange (CME) live cattle futures on Thursday stretched gains into a third straight session in anticipation of steady-to-higher cash cattle prices, traders and analysts said. June future’s discount to last week’s cash cattle returns and this week’s cash expectations attracted buyers. CME April and June live cattle cleared their respective 40-day moving averages

Chicago Mercantile Exchange (CME) live cattle futures rose on Wednesday in anticipation of steady-to-higher cash cattle prices, said traders and analysts. June futures at times led advances due to its discount to last week’s cash cattle prices. CME live cattle punched through key technical resistance levels, which triggered fund buying. Spot April live cattle closed

Chicago Mercantile Exchange (CME) live cattle futures finished steady to firm on Tuesday on short-covering in anticipation of steady-to-higher cash cattle prices, said traders and analysts. Higher wholesale beef prices on Tuesday and technical buying also supported cattle. CME live cattle and hog futures were briefly lower, as was Wall Street, following a false tweet