CME: Changes for Beef, Pork & Poultry Supplies
US - USDA updated yesterday its forecasts for grain and
meat supplies 2012. As we noted in our 2/8 report, much of
the focus in the grain front remains on the progress of S. American crops and USDA confirmed notable reductions in Argentine
corn production and Brazilian soybean output, write Steve Meyer and Len Steiner.