CME Daily Features
US - The focus of this report for the most part is the red meat industry but we also often talk about broilers (a big competitor) and corn (a major input) in that context, write Steve Meyer and Len Steiner.
US - USDA released its monthly "Cold Storage" report on Friday and that report shows that 31 October meat and poultry inventories were virtually unchanged from one year ago, write Steve Meyer and Len Steiner.
US - The supply of beef, pork and chicken at the end of September was slightly below year ago levels and it will likely continue to drift lower in the next two months, write Steve Meyer and Len Steiner.
US - While there is broad expectation among market participants and analysts that broiler supplies are set to increase in the coming months, the latest USDA chicken supply data shows that the pace of future supply growth has slowed down in recent weeks, write Steve Meyer and Len Steiner.
US - The latest USDA "Cold Storage" report showed that stocks of beef, pork and poultry at the end of August were about 1.2 per cent lower than the previous month but still about 0.8 per cent higher than a year ago, write Steve Meyer and Len Steiner.
US - While cattle numbers continue to shrink due to the cumulative effect of two years’ of drought conditions in some major cow-calf regions and chicken and pork producers look to expand their flocks/herds and output as feed prices moderate, the turkey business is reeling from the past year’s high feed prices and an unexpected negative shock for demand this summer, write Steve Meyer and Len Steiner.
US - Last year’s record-high production costs and drought reduced supplies continue to force retail meat prices higher with beef, pork and chicken prices setting new records again in August, write Steve Meyer and Len Steiner.
US - This week’s Crop Progress report from USDA reported changes in corn and soybean condition that were about in line with analysts’ expectations. The percentage of the corn and soybean crops rated in good and excellent condition fell by one and two percentage points to 53 and 50 per cent, respectively, write Steve Meyer and Len Steiner.
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