Feeder Cattle Futures

Feeder Cattle Futures

July 27th,2015

Live cattle prices touched new 13-month lows, following data that showed the supply of cattle to feedlots in June was above market expectations.
The USDA’s monthly Cattle on Feed Report showed feedlot placements finally increasing.

Feedlot placements are live cattle which are taken off pasture, to be fattened on grain and high-protein feed before slaughter. Increased live cattle placements suggest a greater supply of cattle ready for feeding.

August live cattle prices reached as low as 142.250 cents a pound on Monday.

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cocoa futures brokers

cocoa futures brokers

July 21st, 2015

Citigroup recommends taking short position
in New York-traded cocoa futures for Dec. delivery, w/ price
target of $3,000/mt into expiry, analysts incl. Aakash Doshi and
Edward Morse wrote in a note dated Monday.

* NOTE: Dec. contract was at $3,352 on Tuesday
* 14-day RSI indicates prices may have risen too quickly
* Global slowdown in cocoa grindings has been prompted by high
cocoa, butter prices in recent yrs, underwhelming economic
growth in OECD, China
* Global grinding likely to disappoint further
* Supply situation appears to be improving “modestly” in
West Africa; Citigroup forecasts cocoa surplus of >110k t in
2015-16

- By Rudy Ruitenberg Bloomberg.

 

live cattle futures

live cattle futures

July 17th, 2015

US cattle slaughter is falling, thanks to ample pasture and low beef prices, further reducing expectations for what is already set to be the slowest year in beef production since 1993.

In a monthly livestock outlook report, the USDA reduced beef production estimates over the second quarter of 2015 due to lighter than expected steer and heifer slaughter during May and June.

However, the USDA also warned with July 4 barbecues finished “consumers appear to be backing away from beef at its recent record prices”.

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crude oil futures news

crude oil futures news

July 13th, 2015

Crude oil futures were lower on Monday, as traders awaited developments surrounding nuclear talks between the West and Iran, while concerns over a global supply glut weighed.

On the ICE Futures Exchange in London, Brent oil for September delivery shed 76 cents, or 1.28%, to trade at $58.25 a barrel during U.S. morning hours, trimming losses after hitting a session low of $57.18.

Elsewhere, on the New York Mercantile Exchange, crude oil for August delivery fell to an intraday low of $51.28 a barrel, before recovering to trade at $52.33 a barrel, down 41 cents, or 0.78%.

The spread between the Brent and the WTI crude contracts stood at $5.92 a barrel, compared to $6.26 by close of trade on Friday.

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