LIVESTOCK HIGHLIGHTS: Top Stories of the Day

Date : 17/02/2017 @ 15:50
Source : Dow Jones News

LIVESTOCK HIGHLIGHTS: Top Stories of the Day



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 
                              Friday                        Saturday 
                           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. 



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. (; @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. (; @dougcameron)


(END) Dow Jones Newswires

February 17, 2017 10:35 ET (15:35 GMT)

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