Theopolis Waters

Reading Time: 2 minutes Chicago Mercantile Exchange hog futures dropped on Wednesday in response to lower cash hog prices that were pressured by a season increase in supplies, traders and analysts said. The U.S. Department of Agriculture on Wednesday morning reported the average hog price in the most-watched Iowa/Minnesota market slumped $1.94 per hundredweight (cwt) from Tuesday to $91.45 […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures gained modestly on Tuesday in anticipation of higher cash prices this week, traders and analysts said. Spot August live cattle ended up 0.2 cent at 123.85 cents per pound. Most-actively traded October closed up 0.075 cent, at 128.15 cents (all figures US$). No cash cattle bids or asking prices […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange deferred live cattle futures rose on Monday in reaction to ideas the surge in corn prices will slow cattle production, traders and analysts said. CME live cattle and hog traders bought deferred months with the view that livestock producers may feed fewer cattle and hogs and fatten them to lighter weights if […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures on Friday settled mixed after a choppy session. August live cattle futures closed up 0.2 cent at 123.9 cents per pound and October settled at 127.925 cents, off 0.175 cent (all figures US$). Rising wholesale beef prices and higher cash cattle prices encouraged CME live cattle August futures buyers. […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange hogs Thursday slumped to a four-month low on profit taking following lower cash hog and wholesale pork prices, traders and analysts said. The wide disparity between the new lead-month October contract and the spot August trading month, which expired on Wednesday at 102.425 cents, played a role in futures’ sizeable drop on […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange hogs rose for a third consecutive session, driven by futures’ discount to cash hog prices, traders and analysts said. CME spot-August hogs followed the exchange’s hog index at 102.23 cents into the spot-month expiration at noon CT. The contract closed at 102.425 cents per pound, or up 0.625 cents (all figures US$). […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures hit a six-month high on Tuesday in anticipation of higher cash prices this week, traders and analysts said. There were no cash cattle bids or asking prices reported by feedlot sources as of Tuesday. Last week, cash cattle in Texas and Kansas moved at $121 per hundredweight (cwt), feedlot […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures on Monday rallied with higher cash prices and improved wholesale beef values, traders and analysts said. The U.S. Department of Agriculture on Monday morning quoted the wholesale price, or cutout, of choice beef at $190.03 per hundredweight (cwt), up $1.04 from Friday (all figures US$). Select cuts were 63 […] Read more