CME Daily Features
US - Volatility remains the name of the game in both the cattle and hog markets. USDA released on Friday the results of its monthly feedlot survey and we think the results will likely be viewed by futures participants as neutral to slightly bearish.
CANADA - Different from the US, where we have seen robust growth in terms of both cattle and hog supplies, Canadian livestock expansion has been notably slower. Statistics Canada released yesterday the results of its semi‐annual surveys for cattle and hogs and below are some of the highlights and implications for North American beef and pork production, write Steve Meyer and Len Steiner.
US - High protein feed cost prospects for livestock and poultry producers improved last Friday, with the USDA-NASS estimate of record large harvests for corn and soybean, write Steve Meyer and Len Steiner.
US - Today we will look at the recent trends in the components of pork production; that is, slaughter levels and carcass weights. To do that we use the Actual Slaughter Under Federal Inspection report developed by USDA-NASS and released/posted by USDAAMS (Market News) on their website, write Steve Meyer and Len Steiner.
US - The Department of Commerce released its advance estimate on the performance of the US economy on Friday. The top-line number, Gross Domestic Product (GDP), was up 1.2 per cent from the prior quarter.
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