* This week within the markets – Stay fed cattle costs have been $1.80 greater on the week. Feeder cattle markets have been regular to $2.00 decrease this week. December reside cattle have been up $2.50 and January feeder cattle have been up $3.60 this week December corn costs dropped $.16 ¼ . Selection field beef was up $4.40 this week, on energy throughout the board. Money hogs have been unchanged this week. December lean hog futures have been up $.50 on the week. Pork cutout values have been up $2.50.
* Weekly Slaughter Numbers – On the finish of the week, cattle slaughter was 650,000 head, down 18,000 from final week and down 2,000 on the 12 months. Hog slaughter was 2.611 million head, that’s up 60,000 on the week and down 87,000 on the 12 months. 12 months-to-date cattle slaughter is up 3.1 % and hog slaughter is 2.0 % decrease.
* Month-to-month Commerce Information – Beef exports have been 289 million kilos for September, up 50 million from a 12 months in the past. Practically all international locations have been greater, with China main the best way. Up 29 million kilos from year-ago ranges. Pork exports have been 510 million kilos, down 35 million from year-ago ranges. The rise in exports to Mexico was offset by the 75-million-pound export decline to China.
* Jobs Report – We elevated non-farm payrolls by 531,000, beating pre-report estimates by 100,000 jobs. The Unemployment Price fell to 4.6%.
* Subsequent week’s reviews – WASDE, Retail Costs, and Client Sentiment
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