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Stock impact report

U.S. feedlots draw more cattle than expected in May [Reuters]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Reuters
U.S. feedlots draw more cattle than expected in May | Reuters 3 Min Read CHICAGO (Reuters) - Ranchers in May drove more cattle into U.S. feedlots than anticipated compared with the same period a year ago, said analysts after Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report. The data also showed the June 1 feedlot cattle supply climbed 4.1 percent from a year earlier - its highest for the month since USDA began tabulating the data in 1996. Analysts attributed last month’s unexpected feedlot inflow to a surge in calves, feeder cattle, from Canada and Mexico. Some analysts had predicted that fewer cattle entered feedlots in May due to low livestock prices at the time, which eroded feedlot margins. Chicago Mercantile Exchange live cattle futures on Monday may have a mildly bearish reaction to Friday’s report, analysts said. But traders may soon turn to near-term market fundamentals such as beef demand and cattle prices, they added. USDA’s report showed May placements Show less Read more
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