CME Daily Features
US - Fed cattle futures have been hit pretty hard in recent days, with the August contract down by almost 700 points (-6 per cent) in the last four trading sessions. Hog futures have not fared much better. The summer hog futures contracts (Jun, Jul, Aug) are down as much as 5 per cent from where they were trading in mid May, write Steve Meyer and Len Steiner.
US - Production data for week ending May 14 shows that meat supply availability in the US continues to expand, with beef supply increases leading all other proteins, write Steve Meyer and Len Steiner.
US - Lean hog futures posted strong gains yesterday on expectations that strong export demand and current hog supplies will help support cash hog values into the summer months. The export story continues to percolate in the markets and, those that hold a bullish view, often point to it as one of the key drivers for the market this summer.
US - Following the release of the USDA supply/demand estimates, we thought it would be appropriate to take a few minutes to review the outlook and implications for prices in 2017, write Steve Meyer and Len Steiner.
US - Monthly trade numbers, on a carcass weight basis, will be released on Thursday by USDA-ERS. This data will be for the month of March. Looking back on 2015, it was a difficult year for exports across all protein categories.
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