CME Daily Features
US - USDA’s monthly Cold Storage report shows (as expected) significantly larger stocks of frozen meat and poultry relative to last year, but some reduction of those stocks from last month, write Steve Meyer and Len Steiner.
US - While the spread of Highly Pathogenic Avian Influenza (HPAI) has been devastating for turkey and egg production, broiler production so far has not been impacted and output is significantly higher than in 2014, write Steve Meyer and Len Steiner.
US - Last week’s April trade data provided us with the last piece of information we needed to compute April per capita consumption figures and thus real per capita expenditures (RPCE) for the month and the story was still positive - but barely so for pork, write Steve Meyer and Len Steiner.
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