CME Daily Features
US - According to the latest USDA ’Cattle on Feed’ survey, the total inventory of cattle on feed as of October 1 was 10.266 million head, 0.4 per cent higher than a year ago but about .7 points lower than the average pre‐report estimates, which were indicating a 1.1 per cent increase. The latest Daily Livestock Report, published by Steiner Consulting Group, explains.
US - Livestock markets remain quite volatile. Fed cattle futures are searching for a bottom while hog futures have taken a bit of a breather after the 35 per cent slide since June, according to the latest Daily Livestock Report published by Steiner Consulting Group.
US - The monthly USDA WASDE report provides an opportunity to regularly step back and take stock of the supply situation not just next week but many months down the road. Often market participants get caught up in the day to day market movements, daily slaughter schedules and price reports and lose sight of the bigger picture, write Steve Meyer and Len Steiner.
US - The figures showing combined increase in red meat and poultry production stand out and help put in perspective the steady erosion in wholesale meat prices, according to the latest Daily Livestock Report is published by Steiner Consulting Group.
US - The USDA-ERS released August monthly trade number yesterday. These meat trade numbers are on a carcass weight basis and are calculated from product weight numbers reported by the US Department of Commerce, write Steve Meyer and Len Steiner.
US - Grain inventories in the US as of September 1 were in line with market expectations, according to data released by the USDA-NASS late last week, according to the latest Daily Livestock Report published by Steiner Consulting Group.
US - Following yesterday’s discussion of the spike in hog slaughter, it seems appropriate to review what analysts are thinking as USDA gets ready to release the results of its quarterly ‘Hogs and Pigs’ survey, write Steve Meyer and Len Steiner.
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