CME Daily Features
US - Even as grain supplies in the US, and globally for that matter, are expected to increase significantly in the next 12 months, the amount of meat protein available to consumers will still be lower than what it was two years ago, write Steve Meyer and Len Steiner.
US - seventy four per cent of the US corn crop was rated in good/excellent condition, unchanged from the previous week and 20 points better than year ago and the five year average for this week, write Steve Meyer and Len Steiner.
US - US consumer-level meat and poultry demand remained strong in July. Total real per capita expenditures on beef, pork, chicken and turkey amounted to $44.62 in July, up from June’s $45.96 and 1.2 per cent higher than last July’s $44.08, write Steve Meyer and Len Steiner.
US - USDA’s monthly Agricultural Price publication was released on Thursday and we think its output-to-feed price ratios are quite telling regarding today’s profit situation in the livestock and poultry sectors, write Steve Meyer & Len Steiner.
US - In a year full of surprises, one that has gotten a bit lost is the lack of growth in the US chicken business. Most analysts went into 2014 expecting US chicken companies to quickly ramp up production to take advantage of lower grain costs and their price advantage in the market?place, report Steve Meyer and Len Steiner.
US - A number of news outlets reported over the weekend that the World Trade Organisation (WTO) has determined that USDA’s latest attempt to write rules for mandatory country of origin labelling still runs afoul of WTO rules, write Steve Meyer and Len Steiner.
US - Supply, supply, supply — that seems to be all we talk about these and, for that matter, most days. There’s a good reason for that, of course — primarily that virtually all of the data we get, especially on a frequent basis, is about supply, write Steve Meyer and Len Steiner.
US - On Tuesday (22 July), USDA released the results of its monthly survey of about 800 public and private refrigerated warehouses and the results will likely be viewed as bullish for cattle and, to a lesser extent, for hog futures today, write Steve Meyer and Len Steiner. cale
US - Thursday's edition of DLR remains germane to the current situation in the beef industry and published reports in "Meat & Poultry" and the "Dodge City Daily Globe" indicate that Cargill is making changes in response to falling cattle numbers by reducing the work force at its Dodge City harvest facility, write Steve Meyer and Len Steiner.
US - There was plenty of anticipation last fall (among retailers and foodservice operators) that the decline in grain prices and increases in the broiler hatchery flock would translate into significant increases in broiler production... and lower prices, write Steve Meyer and Len Steiner.
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