CME Daily Features
US - USDA’s monthly Agricultural Price publication was released on Thursday and we think its output-to-feed price ratios are quite telling regarding today’s profit situation in the livestock and poultry sectors, write Steve Meyer & Len Steiner.
US - It appears that Tyson Foods’ acquisition of Hillshire Brands has cleared a major hurdle with yesterday’s announcement that Tyson will sell its Heinold Hog Markets, write Steve Meyer and Len Steiner.
US - A number of news outlets reported over the weekend that the World Trade Organisation (WTO) has determined that USDA’s latest attempt to write rules for mandatory country of origin labelling still runs afoul of WTO rules, write Steve Meyer and Len Steiner.
US - Statistics Canada released the results of its semi-annual surveys of cattle and hog producers and the numbers offer little optimism in terms of a quick recovery in North American livestock supplies, write Steve Meyer and Len Steiner.
US - Supply, supply, supply — that seems to be all we talk about these and, for that matter, most days. There’s a good reason for that, of course — primarily that virtually all of the data we get, especially on a frequent basis, is about supply, write Steve Meyer and Len Steiner.
US - On Tuesday (22 July), USDA released the results of its monthly survey of about 800 public and private refrigerated warehouses and the results will likely be viewed as bullish for cattle and, to a lesser extent, for hog futures today, write Steve Meyer and Len Steiner. cale
US - Combined beef, pork and poultry production for week ending 19 July was an estimated 1.654 billion pounds, some 90 million pounds (- 5 per cent) below year ago levels, write Steve Meyer and Len Steiner.
US - Nearby hog futures have rebounded modestly in the past two trading sessions as market participants have been buoyed by the continued strength in hog and pork cash markets, write Steve Meyer and Len Steiner.
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