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Tidbits, CFTC Spec Limits, Cattle & Chickens 3/23/24

Tidbits


Yesterday’s Cattle on Feed numbers as a percent of a year ago:  

  • On Feed: 100.9% expected, actual 101%

  • Placements: 106.2% expected, actual 110%  

  • Fed Marketings: 103.9% expected, actual 103%

 

Yesterday’s USDA Chickens and Eggs Report (% compared to a year ago):

  • USA egg production in February was up 5% from last year from 1% fewer hens (377 million).

  • Egg-type Chicks Hatched Up 7%.

  • Egg-type eggs in incubators on March 1, 2024, up 5%.

  • Egg-type pullet chicks up 3%.

  • Broiler-type chicks hatched up 3%.

  • Broiler eggs in incubators up 1%.

  • Broiler-type pullet chicks for future domestic hatchery supply flocks up 6%.

 

It looks like USDA will have to increase corn and soybean meal for feed use before the marketing year ends.  

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