Retail meat prices signal beef prices are down, but that's due to a sharp drop in ground beef. Retail steak prices are up from year-ago, while pork chop and boneless, skinless chicken breast prices are lower.
Traders did a good job of anticipating this month's feedlot report.
Report showed On Feed and Placements as expected.
Report showed all categories on the bearish side of expectations.
The report showed Placements well above expectations.
Report came in mostly as expected.
Report is viewed as bullish and points to a cycle high in 2013.
Report should lift live cattle futures on Monday.
Cattle on Feed Report highlights.
Report gets a slightly positive read by the market.
Especially supportive is the beef replacement category.
Report about as expected.
Report showed tightest feedlot inventories since Sept. 2011.
Sharp pressure on futures ahead of the report should limit reaction.
Report shows producers out of the Southern Plains have begun rebuilding herds.
Showed all categories about as expected.
Report showed Placements above expectations.
Report showed all categories above expectations.
