Chicago Mercantile Exchange live cattle futures were steady to higher early on Tuesday in electronic trading, rebounding from Monday’s sharp losses, on support from a higher beef market. Hog futures were mixed with a weak cash hog market weighing on April while strong technicals and lower-than-year ago pork stocks supporting deferred months.… read more
Tag Archives: market news
Cattle on Feed estimates
Cattle on Feed report to be issued today at 2 pm central time. Average Est. Est. Range On feed Feb 1 97.1 96.7-97.6 Placements Jan 95.4 92.5-98.5 Marketings Jan 101.0 99.0-103.0… read more
PPI [2/18/2010]
PPI rose 1.4%, however estimates were expected to come in around 0.7%. Whoelsale prices shot up at double the expected rate in Jan.… read more
Initial Jobless Claims [2/18/2010]
Initial jobless claims were up 31,000 to 473,000. Expectations were pegged at 430,000; however this data added to worries that a bleak job market will severely hamper the U.S. economic Recovery. These numbers also provide a potential argument for the Federal Reserve to keep interest rates near record lows.… read more