CME Daily Features
US - Livestock and meat markets have reminded us lately of the Anne Murray hit song of the ‘70s entitled “Sure Could Use A Little Good News Today.” And the pork and hog markets got some yesterday as Russia announced that it would begin the process of accepting some pork products from France, Hungary, Italy, Germany, Denmark and Netherlands.
US - As pork supplies in North America expand in 2015 and 2016 (larger breeding herd, waning effect of PEDv), export demand will become a very important concern for the industry, write Steve Meyer and Len Steiner.
US - A quick note on Monday’s record-high FI hog slaughter: It really wasn’t all on Monday. USDA’s estimate for Monday was a record high daily total of 455,000 head, write Steve Meyer and Len Steiner.
US - A major wild card for meat and livestock markets in 2015 will be demand. More specifically, the question will be whether the robust demand of the past two years will remain in place and to what degree, write Steve Meyer and Len Steiner.
US - Export data for November, released by USDA, confirmed what many in the industry already knew—the pace of meat exports has slowed down and it is now tracking below year-ago levels, write Steve Meyer and Len Steiner.
US - Lean hog futures continue to be pressured lower by slumping wholesale pork prices and a realisation that higher hog numbers and heavier weights will keep the market well supplied into the spring, write Steve Meyer and Len Steiner.
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