CME Daily Features
US - The weekly USDA numbers have been released and they were supportive of the pork market (with some big caveats) but they continued to show a notable slowdown in beef shipments, write Steve Meyer and Len Steiner.
US - USDA’s monthly Cold Storage report shows (as expected) significantly larger stocks of frozen meat and poultry relative to last year, but some reduction of those stocks from last month, write Steve Meyer and Len Steiner.
US - Retail prices in June were mixed, with beef values hitting all time record highs while pork prices on the retreat given the surge in pork volume and lower wholesale prices, write Steve Meyer and Len Steiner.
US - US pork exports enjoyed another strong month in May while beef exports fell well short of year-ago levels according to data released by USDA’s Foreign Agricultural Service, write Steve Meyer and Len Steiner.
US - USDA recently published the results of its quarterly survey of hog and pig operations and the results indicated that short term supplies are expected to be relatively close to what the market was expecting, write Steve Meyer and Len Steiner.
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