CME Daily Features
US - The news continues to be good regarding the two “pending” animal health issues in the US market: porcine epidemic diarrhoea virus (PEDv) and highly pathogenic avian influenza (HPAI), write Steve Meyer and Len Steiner.
CANADA - Statistics Canada has published the results of its semi-annual surveys of the Canadian hog and cattle industry, showing that Canadian cattle supplies are shrinking and will likely be smaller still in 2016, while hog numbers are growing at a much slower pace than in the US, write Steve Meyer and Len Steiner.
US - Lean hog futures managed to turn in a positive session yesterday as market participants continue to focus on spot hog and pork prices and try to price fall contracts accordingly, write Steve Meyer and Len Steiner.
US - Where would the hog market be without bellies this summer? To use an old colloquialism, “Hurting for certain!” Bellies have been the bright spot among wholesale pork cuts this summer as prices have DOUBLED since mid-May and gained $10/cwt just last week, write Steve Meyer and Len Steiner.
US - The weekly USDA numbers have been released and they were supportive of the pork market (with some big caveats) but they continued to show a notable slowdown in beef shipments, write Steve Meyer and Len Steiner.
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