CME Daily Features
US - This week includes the summer solstice, the longest day of the year. And judging from the number of potentially market moving events already on schedule, this could be a long week for futures markets participants, write Steve Meyer and Len Steiner.
US - It is easy to get lost sometimes amid all the various reports that are issued each day. There is daily and weekly slaughter numbers, carcass weights, cold storage reports, inventory reports, export data, etc. One of the ways in which analysts try to manage all this flow of information is to construct a balance table that accounts for three components: how much is coming in (this could be from domestic production or from import sources, how much is going out (this is product that is consumed domestically or sent to export) and finally what’s the change in inventory position, write Steve Meyer and Len Steiner.
US - In this Daily Livestock Report, we review two reports from last week: the World Bank (WB) updated economic forecasts (released 7 June) and the USDA’s World Agricultural Outlook Board (WAOB) monthly forecasts for crops and livestock (released June 10), write Steve Meyer and Len Steiner.
US - If we look at full slaughter day comparisons both beef and hog slaughter was higher than the same period a year ago. Expectations are for cattle and hog slaughter this week to be higher than year ago levels, write Steve Meyer and Len Steiner.
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