CME Daily Features
US - USDA released on Monday, March 23, the results of its monthly survey of refrigerated warehouses and we think the results have bearish implications for beef, pork and chicken, write Steve Meyer and Len Steiner.
US - Looking at a price chart for beef brisket what we found just a bit interesting about this chart is that, historically, there is little or no seasonal strength for briskets in the early part of the year, write Steve Meyer and Len Steiner.
US - USDA made very few changes to its crop estimates in yesterday’s March World Agricultural Supply and Demand Estimates (WASDE) but the changes it did make were a bit unexpected, writes Steve Meyer & Len Steiner.
US - Export data for January showed a dramatic decline in shipments of all main proteins and helps put some context behind the significant decline in prices for a number of products, especially pork and chicken dark meat, write Steve Meyer and Len Steiner.
CANADA and US - Statistics Canada has published the results of its semiannual surveys of the Canadian hog and cattle industry and the data showed a couple of diverging trends, write Steve Meyer and Len Steiner.
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