Hog Slaughter Projected 437,000; Cattle 110,000 - Feb 17
Friday Week Ago Year Ago Saturday Week Ago Year Ago
Hogs 437,000 433,000 430,524 215,000 151,000 130,761
Cattle 110,000 111,000 99,289 26,000 27,000 14,192
Hogs Cattle Hogs Cattle
Allendale Inc. 438,000 112,000 215,000 23,000
HedgersEdge/RJ O'Brien 435,000 107,000 215,000 28,000
Note: Averages of the estimates are rounded to nearest 1,000 head.
STORIES OF INTEREST
Grains, Soybeans Fall Amid Good South American Weather -- Market Talk
9:24 ET - Grain and soybean futures extend losses in early deals amid favorable weather in South America and a slowdown in buying by commodity funds. Forecasts for rain over the next week in Argentina are seen as beneficial to maturing crops there, while scattered showers likely will allow farmers to continue harvesting soybeans in Brazil. Benign South American conditions weigh on agricultural markets, as harvests there will compete with US crops in the global marketplace. Buying by commodity funds also dries up, pressuring prices, ahead of a three-day weekend. CBOT March soybeans drop 0.7% to $10.36 1/2/bu, while corn falls 0.9% to $3.70 and wheat declines 0.8% to $4.44 1/4. (firstname.lastname@example.org; @jessenewman13)
Livestock Futures Gain As Packers Play Catch-up -- Market Talk
9:53 ET - US livestock futures pull ahead in early trade, with the looming warm spell across much of the country raising hopes of stoked demand. Slaughterhouses also playing catch-up after Thursday's industrial day-of-action, with Saturday's hog kill pegged at 215K on top of 438K Friday. April hogs up 0.5 cents at 70.325c/lb, in line with the direction of a sprinkling of cash deals. April live cattle also lifted by some more positive noises from cash markets, adding 0.4 cents at $1.11365. (email@example.com; @dougcameron)
(END) Dow Jones Newswires
February 17, 2017 10:35 ET (15:35 GMT)
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