QT Top Livestock Stories
- USDA says talks with Japan on beef imports 'on hold' until Japan decides new Mad Cow testing requirements
- Japan reports a surge in beef imports from Mexico due to being grain-fed.
- Canada Beef Initiative Group (BIG) wants political support for financing a large, producer-owned packing plant.
- Very early talk about cattle-on-feed numbers placement numbers low, could be condsidered a positive for deferred contracts
CME Delivery Notices: August Live Cattle
Tenders - 8, Retenders 12
Featured Issuers - CIS for 8, RJO for 4
Featured Stoppers - FIMAT for 12, ADM for 4
Pork Bellies had no notices
QT Cash Livestock Outlook
Hogs: Steady/weak. The packers are dug in and even as Monday's cut outs rose sharply, would not pay up for supplies. The pork product market softened again yesterday and even with mostly lower cash hogs cut outs lost .28 to $79.24. Part of the weakness also tied to seasonal considerations as cash prices start to decline mid-to-late August.
Cattle: Steady/firm. The beef market has stabilized for now and movement yesterday heavy at 438 loads. Retailers likely booking increased amounts of 'cheap' beef for Labor Day featuring and could help support demand for live cattle this week.
- USDA says talks with Japan on beef imports 'on hold' until Japan decides new Mad Cow testing requirements
- Japan reports a surge in beef imports from Mexico due to being grain-fed.
- Canada Beef Initiative Group (BIG) wants political support for financing a large, producer-owned packing plant.
- Very early talk about cattle-on-feed numbers placement numbers low, could be condsidered a positive for deferred contracts
CME Delivery Notices: August Live Cattle
Tenders - 8, Retenders 12
Featured Issuers - CIS for 8, RJO for 4
Featured Stoppers - FIMAT for 12, ADM for 4
Pork Bellies had no notices
QT Cash Livestock Outlook
Hogs: Steady/weak. The packers are dug in and even as Monday's cut outs rose sharply, would not pay up for supplies. The pork product market softened again yesterday and even with mostly lower cash hogs cut outs lost .28 to $79.24. Part of the weakness also tied to seasonal considerations as cash prices start to decline mid-to-late August.
Cattle: Steady/firm. The beef market has stabilized for now and movement yesterday heavy at 438 loads. Retailers likely booking increased amounts of 'cheap' beef for Labor Day featuring and could help support demand for live cattle this week.
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