CME Daily Features
US - The USDA-ERS released August monthly trade number yesterday. These meat trade numbers are on a carcass weight basis and are calculated from product weight numbers reported by the US Department of Commerce, write Steve Meyer and Len Steiner.
US - Broiler-type chicken production since July has been running close to, or slightly below last year. The ready-to-cook weight of production during July and August was down 0.2 per cent from a year ago and given the weekly trends of September, summer quarter broiler production could be down as much as 1 per cent from the summer of 2015.
US - The turkey market is moving into the home stretch for getting product through the distribution system and in place for the Thanksgiving holiday, according to the latest Daily Livestock Report by Steiner Consulting Group.
US - This is the favourite time of year for grain analysts, taking long detours through corn and soybean fields, counting ears of corn and bean pods, examining how well they are filled, discussing drought impacts and, everyone’s favourite, issuing yield estimates, 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 - Domestic broiler consumption during the April-June quarter increased slightly from the prior quarter, totalling 26.4 pounds per person, up from 26.2 pounds the prior quarter and up from 25.7 pounds a year earlier, 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, write Steve Meyer and Len Steiner.
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